With the AML Update Service
You can receive updates about the latest and relevant paragraphs for you to consider including in your AML Policy
AML Update Service extract for :
Registered Charities
Change Date : | Word Count: 90 | Deployment Measure : 7/10
Rationale:
Organisations formed as charities or nonprofits are increasingly being misused to finance terrorism. Donating to such entities supporting terrorism is a severe criminal offence, making charity-related transactions high-risk, not low-risk. This draft AML policy wording sets out concerns and action for lawyers to take where there are suspicionsIt is becoming more common for organisations to be created as charities and not for
…
to view full text