Regulatory Alerts2019-08-29 | 29615MOAGLA Guidance: Abuse of NPOs for Terrorist Purposes
The Ministry of Interior and Government Liaison Authority (MOAGLA) issued guidance to address the misuse of Non-Profit Organizations for terrorist financing. The document outlines specific risks and regulatory expectations for NPOs to ensure compliance with Anti-Money Laundering, Countering the Financing of Terrorism, and Combating Proliferation Financing standards. It serves as a directive for supervised entities in the banking, insurance, and bureau de change sectors to mitigate vulnerabilities associated with NPO interactions.
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