Text for CQS CPMS Policy
CQS Policy: Registered Charities
Purchase this policy: Anti-Money Laundering Policy
- Change date
- 21/01/2025
- Word count
- 148
- Deployment measure
- 8/10
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 suspicions
It is increasingly common for entities to be established as charities or not-for-profit organisations and subsequently misused to facilitate the financing of terrorism. The donation of illegitimate funds to such
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