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  Terrorism and money laundering

Charities are at risk of being misused by individuals or other organisations to finance or support terrorist activity or assist money laundering. It is wise to be aware of the risks, and to take appropriate precautions.

The purpose of this guidance is to advise Charities that there is a risk of being misused by individuals or other organisations to finance or support terrorist activity or assist money laundering. This Guidance aims to:

  • build awareness of the nature of the risk
  • outline some principles a charity can use to help reduce this risk
  • assist charities to understand and comply with legal requirements in relation to terrorism financing.

The charitable sector is large and diverse, with as many as 25,000 operating in New Zealand. By comparison, the scale of known terrorist links to charities operating in New Zealand is assessed as being small. However, when considering risk, it is important to note that:

  • there is evidence of charities being misused in other countries
  • the terrorist activity may have catastrophic consequences for the very people the charity is trying to help
  • some parts of the charity sector are more likely to be misused than others