Money laundering and the financing of terrorism
It is important for the reputation of Guernsey that registered charities and non-profit organisations are run properly. Every charity or non-profit organisation should review its constitution periodically to ensure that it is up to date.
A charity or non-profit organisation should be run by more than one person who takes responsibility and is accountable for controlling the charity.
When receiving funds, each charity or non-profit organisation should carefully consider the source of those funds. Will they be exposing themselves to the risk of money laundering or other financial crimes? In much the same way, careful consideration should be given to where a charity decides to spend its funds.
A large amount of information regarding governance, constitution and good practice can be found on the Association of Guernsey Charities website: http://www.charity.org.gg .
The documents and links below provide information for charities and non-profit organisations with regard to risk awareness - money laundering and the financing of terrorism.
The Charity Commission of England and Wales has also produced a toolkit for charities 'Protecting charities from harm: compliance toolkit' which can be downloaded here.
Recently the Deputy Registrar gave a presentation on the role of the Guernsey Registry in Charity and NPO registration the slides of this presentation can be viewed here. 
The Role of the Guernsey Registry in Charity and NPO registration [1Mb]
The Guernsey National Risk Assessment has been finalised and released. The National Risk Assessment demonstrates an ongoing commitment to fight terrorist financing, money laundering and financial crime. Further information can be found on the States of Guernsey website here: Money Laundering and Terrorist Financing NRA
For further information and links please see the International Affairs section on the States of Guernsey website here: International affairs
Document downloads
Asia Pacific Group Typologies Report - NPO sector vulnerability
document
Case Studies of terrorists exploiting charities
document
case studies on the misuse of charities and non profit organisations
document
FATF -combatting the abuse of NPOs
Guidance
FATF - terrorist financing report - executive summary
document
FATF - Risk of terrorist abuse in non-profit organisations
document
Money laundering and financing of terrorism techniques and methods
document
OECD report on abuse of charities for money laundering and tax evasion
document
United Nations Measures enabling freezing of terrorist funds
document
World Bank - NPOs and the combating of terrorism financing
document
HMT Guidance on Counterterrorism Legislation
HMT Guidance on Counterterrorism Legislation
2019 National Risk Assessment
2019 National Risk Assessment-Report on money laundering and terrorist financing
Guidance on terrorist financing risks to the Bailiwick
Guidance on terrorist financing risks to the Bailiwick
Relevant links & information
Charity Commission of England and Wales- protecting charities from harm: compliance tool kit
