PROTECTING NOT-FOR-PROFIT ORGANISATIONS FROM TERRORISM FINANCING

Minister for Home Affairs Brendan O’Connor today announced the release of a guidance to safe guard non-profit organisations against terrorism financing.

“The not-for-profit sector provides a vital contribution within Australia and overseas and the guidance aims to support their important work and encourages organisations to adopt an appropriate risk-based approach,” Mr O’Connor said.

The guidance will:
•    build awareness of the risk of being misused for the purpose of terrorism financing
•    outline best practice principles organisations can adopt to help reduce this risk
•    help organisations understand and comply with legal requirements in relation to terrorism financing.

“Financing is an integral part of terrorist activity that can be generated through legitimate sources such as fundraising. A close partnership with the not-for-profit sector is critical to the Government’s ongoing efforts to combat terrorism financing,” Mr O’Connor said.

“The guidance has been developed in consultation with the not-for-profit sector and is intended to help not-for-profit organisations protect themselves from the risk of being misused by individuals or other organisations to finance or support terrorist activity,” Mr O’Connor said.

Minister O’Connor announced these guidelines at the 12th annual meeting of the
Asia-Pacific Group on Money Laundering in Brisbane today. Delegates from the Asia-Pacific region will discuss, among other things, measures to combat the threat of money laundering and terrorist financing faced in the region.

The Guidance for Non-Profit Organisations is available on the National Security website at www.nationalsecurity.gov.au/npo.

Media Contact:         Christian Taubenschlag         0438 595 567

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PROTECTING NOT-FOR-PROFIT ORGANISATIONS FROM TERRORISM FINANCING