What is the Terrorist Financing Risk Mitigation Toolkit for Charities?
The 2020 Singapore Terrorism Financing National Risk Assessment had identified non-profit organisations, including charities to be at medium-low risk of terrorist financing ("TF") abuse and highlighted the key vulnerabilities that would make charities more susceptible to TF abuse.
The Office of the COC has co-developed the toolkit with KPMG and charities to provide guidance to the charity sector in identifying, assessing and mitigating the risk of TF abuse in a systematic manner.
Related questions
What does the toolkit contain?
Is it a requirement of the COC for charities to have an Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) policy?
What role does a charity play in the efforts of Anti-Money Laundering and Countering the Financing of Terrorism?
What should my charity include in the AML/CFT policy? Does the COC have any template/guidance on this?
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