South African government and private sector partners published a report on the terrorist financing risk assessment on the non-profit organisation (NPO) sector that will result in focused, proportionate, and risk-based measures to mitigate the identified risks.

The sector risk assessment is in line with the Financial Action Task Force (FATF) global standards to combat money laundering and terrorist financing, as well as South Africa’s follow-up action plan to address grey listing by the FATF in 2023. The FATF is an intergovernmental body which sets global standards and measures for combating money laundering and terrorist financing. As a member of the FATF, South Africa is obliged to meet these standards.

The global standards of the FATF require that countries periodically identify and assess the terrorist financing risks to which organisations that raise or disburse funds for good works, are exposed.

This report was produced with the technical support of the European Union Anti-Money Laundering/Counter Terrorist Financing Global Facility and Greenacre Associates and financially supported by the European Union, the German Federal Ministry of Economic Cooperation and Development and the Deutsche Gesellschaft für Internationale Zusammenarbeit