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Article (33)

IA-BOD-RES 10/2019

Non-Profit Organisations, in collaboration with the competent Supervisory Authority, shall commit to the following:

  1. 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.
     
  2. Put in place clear policies to promote transparency, integrity, and public confidence in its own administration.
     
  3. Conduct Transactions through official financial channels, taking into consideration the different capabilities of financial sectors in other countries.