AML/CFT systems or controls are the measures in place within an entity to mitigate ML/TF risks, including the preventative measures set out in the FATF Recommendations (see section 2.2.2).

Core Principles refers to the Core Principles for Effective Banking Supervision issued by the Basel Committee on Banking Supervision, the Objectives and Principles for Securities Regulation issued by the International Organization of Securities Commissions, and the Insurance Supervisory Principles issued by the International Association of Insurance Supervisors.

Designated non-financial businesses and professions (DNFBP) means:

a) Casinos (include ship and online casinos)

b) Real estate agents.

c) Dealers in precious metals.

d) Dealers in precious stones.

e) Lawyers, notaries, other independent legal professionals and accountants (when performing the activities outlined in the FATF Glossary definition of DNFBPs)

f) Trust and Company Service Providers (when performing the activities outlined in the FATF Glossary definition of DNFBPs).

Emerging risks is a broad term used to refer to recently identified but not fully explored ML/TF threats or vulnerabilities or other phenomena. Previously identified risks that become apparent in new or unfamiliar conditions can also be considered emerging risks.