NGOs under investigation for Money Laundering and Terror Financing @KASIBCNEWS

NGOs under investigation for Money Laundering and Terror Financing @KASIBCNEWS The Department of Social Development has noted attributed statements in recent media reports that 50 SA NGOs are being probed for terror funding and money laundering. The Department would like to put it on record that there are No such NPOs . The Department convened a symposium with NPOs and other stakeholders to make the NPO community aware of South Africa’s obligations with regard to the implementation of anti-money laundering and the counter terror financing measures. The aim of the symposium was to strengthen consultation mechanisms between government and NPOs. It focused on deficiencies in SA’s measures to protect NPOs from exploitation to fund terrorist organisations as identified in the 2021 FATF Mutual Evaluation. The FATF reiterated its findings relating to these deficiencies in its 2024 Mutual Evaluation Follow Up Report on South Africa (available on file:///content/dam/fatf-gafi/fur/South-Afr...