The Charity Commission has opened a consultation asking the voluntary sector and the wider civil society to better identify potential vulnerabilities, trends and threats on the risk of terrorist financing abuse.
The regulator is working in accordance with global anti-money laundering body the Financial Action Task Force’s (FATF) recommendation to help the UK government assess its vulnerability to terrorist financing.
FATF revised its guidance in November 2023 to require countries to protect non-profit organisations (NPOs) – those that carry out charitable, religious, cultural, educational, social or fraternal work – from terrorist financing abuse through the risk-based implementation of strengthened measures.
Announcing its consultation launch, the commission stated: “Non-profit organisations (NPOs), which make up the sector, are an integral part of our society. They do vital and important work, and we want to help them do this safely.
“As there is no single regulator in the UK for the entire NPO sector, the Commission is leading this work, as it did in 2016-2017, with support from other UK regulators.
“We are keen to receive responses from all NPOs regardless of whether or not they are charities, and wherever they operate in the UK.
“This questionnaire will help us to identify and understand potential vulnerabilities, trends and threats.”
All responses are voluntary and anonymous. The questionnaire will stay open until 23:59 on 31 January.
The commission is leading the consultation with support from associated regulators in other sectors.
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