AFRICA
South African Non-Profit Sector at Risk of Financing Terrorism, New Report Claims
A recent Financial Intelligence Center (FIC) risk assessment on terrorism financing in the non-profit organization (NPO) sector has detailed more than a dozen instances where South African NPOs have played a role in financing terrorism. The report, which was compiled with the support of the European Union Anti-Money Laundering (AML)/Counter Terrorist Financing Global Facility (CFT), and with financial support from the European Union and Germany, highlighted that despite the existence of 'inherent vulnerabilities' which put the NPO sector 'at risk' of terrorist financing abuse, no arrests of individuals identified as potentially involved in terrorist financing have been made.