Part 3 Requirements of Non-Profitable Organisations
Article (33)
Non-Profit Organisations, in collaboration with the competent Supervisory Authority, shall commit to the following:
- Apply best practices adopted by the competent Supervisory Authority to mitigate their vulnerabilities so that they can protect themselves from being abused for Financing of Terrorism and of Illegal Organisations.
- Put in place clear policies to promote transparency, integrity, and public confidence in its own administration.
- Conduct Transactions through official financial channels, taking into consideration the different capabilities of financial sectors in other countries.
- Apply best practices adopted by the competent Supervisory Authority to mitigate their vulnerabilities so that they can protect themselves from being abused for Financing of Terrorism and of Illegal Organisations.