The Law for the Regulation of Designated Non-Financial Business and Professions (APNFD, by its acronyms in Spanish) has as objective to establish measures that, according to the level of risk, must be implemented by natural or legal persons dedicated to Designated Non-Financial Business and Professions to prevent being used and to participate directly or indirectly in the offence of money laundering and financing of terrorism. Also, it is established the competence of the National Commission of Banks and Insurances (CNBS, by its acronyms in Spanish) for the supervision, monitoring and compliance of said measures on the part of the regulated subjects.
The National Commission of Banks and Insurances, ass supervising entity of the regulated subjects in matters of prevention of Money Laundering and Financing of Terrorism, will direct with this Law its technical capacities towards those institutions that perform non-financial professional activities, vulnerable to such illicit.
The registration process of the APNFD will be carried out virtually, through the portal of the National Commission of Banks and Insurances, for which it has been prepared an Registration Rule where is being detailed the process and the different actors involved in the same, such as Self-Regulatory Organizations, being this the public law bodies that are associations or unions, whose members perform APNFD.
The Rules of the Law for the Regulation of Designated Non-Financial Business and Professions (APNFD) contains the duties of the Law and obligations of the CNBS as regulatory and supervisory body. Both the Registration Rule and the Regulation of the Law APNFS will be published in the webpage of the National Commission of Banks and Insurances by a non-renewable period of 15 business days starting from its publication. During this period the APNFD will be making the observations that considers pertinent, counting with the permission of the CNBS to evacuate the questions and doubts that may be done.
Associate
García & Bodán
Honduras