Safeguarding your organisation against terrorism financing – a guidance for non-profit organisations
Non-profit organisations (NPOs) are at risk of being misused by other individuals or organisations to finance or support terrorist activity. The consequences of becoming involved in terrorist financing are significant, and can include loss of reputation, status and donor confidence. In consultation with NPOs, the Australian Government has developed A guidance for NPOs to:
- build awareness of the risk of being misused for the purpose of terrorism financing;
- outline Best Practice Principles [PDF 160KB] which NPOs can undertake to reduce this risk; and
- assist charities understand and comply with legal requirements in relation to terrorism financing.
Individuals or organisations, including NPOs, may face criminal penalties if they provide financial support to a terrorist individual, organisation or act. There are two lists maintained by the Australian Government in relation to terrorism financing of which NPOs should be aware.
The Attorney-General’s Department maintains a ‘List of Terrorist Organisations’ which have been proscribed by the Government as terrorist organisations under Division 102 of the Criminal Code Act 1995.
Penalties also apply under the Charter of the United Nations Act 1945 for making resources available to a designated individual or organisation. The Department of Foreign Affairs and Trade maintains a ‘Consolidated List’ of persons and entities which are subject to a targeted financial sanction imposed by a resolution of the United National Security Council.