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Supervisory and professional bodies dealing with professional enablers of illicit financial flows

Professional enablers play a crucial role in illicit financial flows (IFFs). Tackling professional enablers requires, among other methods, consistent and effective regulation, and supervision of critical occupations, including financial institutions (FIs) and designated non-financial businesses and professions (DNFBPs). A scan of publicly available information on such bodies reveals a scenario of scattered supervision for DNFBPs, with supervisory frameworks often following the profession and not the high-risk activity. Supervision can be under the responsibility of self-regulatory bodies or government agencies, or a mix of the two.

26 August 2021
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Supervisory and professional bodies dealing with professional enablers of illicit financial flows

Main points

  • Professional enablers can come from various financial and non-financial sectors.
  • Tackling such professional enablers requires, among other methods, consistent and effective regulation, and supervision of critical occupations such as accountants, lawyers, bankers, real estate agents, art dealers and luxury good traders, etc.
  • Different jurisdictions have varying AML/CFT regimes and inconsistent standards for professional conduct, making regulation scattered and uneven.

Cite this publication


Rahman, K. (2021) Supervisory and professional bodies dealing with professional enablers of illicit financial flows . Bergen: U4 Anti-Corruption Resource Centre, Chr. Michelsen Institute (U4 Helpdesk Answer 2021:15)

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About the author

Kaunain Rahman

Kaunain is the business integrity specialist at Transparency International (TI), driving integrity in business as part of TI’s strategy. She strengthens business capacity for collective action, fosters integrity in value chains, and advocates for better regulatory frameworks. Her projects include Integrity Pacts and the Business Integrity Country Agenda, focusing on transparent procurement and national business integrity. Kaunain also leads TI’s efforts in addressing corruption through private sector sustainability reporting.

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All views in this text are the author(s)’, and may differ from the U4 partner agencies’ policies.

This work is licenced under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International licence (CC BY-NC-ND 4.0)

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