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.