The Financial Intelligence Centre (FIC) has warned that Non Profit Organisations (NPOs) may be a target for opportunistic high profile criminals who want to use them as a vehicle for Money Laundering (ML) and Financing of Terrorism (TF).

At a recent workshop hosted by the Department of Social Development (DSD), Professional Bodies were requested to create awareness amongst NPOs of this growing trend, where criminals are targeting them for the purposes of money laundering and for the financing of terrorism.

FIC’s Senior Legal and Policy Advisor, Lize van Schoor, urges all professional bodies to educate NPOs to ensure that they do not fall prey to these scams. Read more on Accounting Weekly