Course Detail()

This workshop equips participants with practical strategies to manage Anti-Money Laundering/Counter-Terrorism Financing (AML/CTF) risks in Non-Profit Organisation (NPOs) and charities, with a focus on Financial Action Task Force (FATF) Recommendation 8 and local regulations. Through interactive discussions and case studies, participants will explore regulatory requirements, identify vulnerabilities, and develop a risk-based compliance framework to enhance transparency and safeguard their organisation from financial crime.

At the end of this course, you will be able to:

Understand the importance of AML/CFT for NPOs and Charities, including their exposure to financial crime risks
Examine the Financial Action Task Force (FATF) Recommendations and their implications for NPOs and Charities, with a focus on Recommendation 8.
Identify and assess vulnerabilities in NPOs and Charities operations that could be exploited for terrorism financing (TF) or money laundering (ML)
Implement a foundation for an AML/CFT compliance programme tailored to the unique needs of NPOs and Charities

Programme Outline

Global and Local Regulatory Frameworks

FATF Recommendation 8
Singaporean AML/CFT laws and regulations relevant to NPO
Code of Governance for Charities and Institutions of Public Character (“IPCs”)

Why are NPOs Vulnerable?

Understand the unique characteristics of NPOs that can make them susceptible to misuse for ML and TF
Common vulnerabilities: cash-intensive operations, complex funding structures, international operations, lack of robust internal controls
Funding sources and partner
Geographic risks and high-risk jurisdictions
The potential impact of AML/CFT breaches for an NPO's reputation and operations

Typologies of ML/TF in the NPO Sector

Examples of how NPOs can be exploited for ML/TF (e.g., diversion of funds, misuse of legitimate activities, shell NPOs)
Case studies of real-world instances of ML/TF involving NPOs
Understand the red flags and indicators of potential abuse

FATF Recommendation 8 and its Importance

Address FATF Recommendation 8: Combating the financing of terrorism (CFT) – Not-for-Profit Organisations
Explain the core principles of Recommendation 8: Risk-based approach, transparency, accountability, and supervision
Highlight the importance of understanding and implementing Recommendation 8 for NPOs

Key Components of an AML/CFT Programme (aligned with Recommendation 8)

Develop an AML/CFT policy for NPOs and Charities
Customer Due Diligence (CDD) and Know Your Beneficiary (KYB) procedures, emphasising the importance of verifying the legitimacy of beneficiaries and partners as per Recommendation 8
Transaction monitoring and reporting suspicious activity (STRs/SARs), including specific guidance on identifying TF-related red flags
Internal controls and compliance policies, ensuring they address the requirements of Recommendation 8
Staff training and awareness programmes, including specific training on Recommendation 8 and its implications for the NPO and Charities
Independent audit and review, considering the specific requirements of Recommendation 8

Implementing an Effective AML/CFT Programme

Understand the risk-based approach to AML/CFT, with a focus on the specific risk factors outlined in Recommendation 8
Conduct a risk assessment specific to the NPO and Charity activities, beneficiaries, and operating environment, explicitly considering potential terrorist financing risks
Identify and assess key risk areas (e.g., fundraising, disbursements, partnerships, international operations), incorporating the nuances of Recommendation 8
Develop a risk register and implement appropriate mitigation measures, aligned with Recommendation 8

Monitoring and Review (incorporating Recommendation 8)

Establish a system for ongoing monitoring of transactions and activities, with a focus on identifying potential links to terrorism financing
Key elements of governance and compliance frameworks
Identify and report suspicious transactions, including those related to TF, as emphasised in Recommendation 8
Regular review and update the NPO's AML/CFT programme, ensuring it remains aligned with Recommendation 8 and evolving best practices

Training Methodology

This workshop utilises a blended and interactive approach to promote active learning and practical application. It features presentations with real-world examples to explain key AML/CFT concepts and FATF Recommendation 8, along with breakout sessions for case studies that illustrate real-life instances of misuse by NPOs and charities, helping participants identify vulnerabilities and risks. Participants will also receive takeaway materials, such as templates, checklists, and summaries, to support post-training implementation.

Closing Date for Registration
1 week before registration.

Intended For

This intermediate to advanced workshop is designed for board members, senior management, compliance officers, and business operations staff of non-profit organisations (NPOs) and charities, as well as regulators and oversight bodies supervising NPO and charity activities, and risk management professionals working with or advising these organisations.

Schedule & Fees

Testimonial

Funding

1] CCF Training Grant

Charities Capability Fund (CCF) Training Grant provides co-funding for local training courses to help charities comply with regulatory requirements and build good governance standards.

Period of CCF pre-approval: 09 May 2025 to 07 May 2026

Eligibility Criteria

CCF funding is for eligible charities' staff, sub-committee members, and board members. Staff and sub-committee members must have served in the charity for at least 6 months with an official designation.

CCF Grants Coverage & Quantum

Funding Quantum

Nett Course Fees Payable (incl. GST)

Singaporeans/ PRs

Member: $325.26

Non-Member: $388.04

(80% of course fee)

Member: $81.31

Non-Member: $97.01

Employment Pass/ Work Permit Holders / S Pass Holders

Member: $243.94

Non-Member: $291.03

(60% of course fee)

Member: $162.63

Non-Member: $194.02

For Pre-approved Courses: Participants will pay the training provider the net course fees (after CCF funding). The training provider will claim the CCF approved funding directly from the CCF Secretariat.

Note:

CCF applications are subject to NCSS approval and only Board members/ staff in key governance and management areas with approved CCF applications are eligible for CCF funding.
The Applicant with approved CCF application (or “CCF-eligible participant”) pays the amount of course fees less CCF funding to ISCA. Payment can be made by corporate/individual means.
The Applicant has to create an ISCA Corporate Account here if they do not have an existing corporate account.

During the Course:

CCF-eligible participant to achieve minimum 75% attendance, and pass all assessments, if any.
All CCF-eligible participants are to complete a CCF Training Evaluation Form at the end of the course.
For course conducted online, CCF-eligible participants are to switch on their video function and display their full name.
All CCF-eligible participants must prepare their mobile phone with their Singpass app to scan their attendance twice a day.

2] NTUC Union Training Assistance Programme (UTAP)
UTAP (Union Training Assistance Programme) is an individual skills upgrading account for NTUC members.

NTUC members enjoy 50% *unfunded course fee support for up to $250 each year when you sign up for courses supported under UTAP. NTUC members aged 40 and above can enjoy higher funding support up to $500 per individual each year, capped at 50% of unfunded course fees, for courses attended between 01 April 2024 and 31 March 2027. *This excludes miscellaneous fees such as GST and registration fee etc.

This course is approved for UTAP support for intakes conducted between 28 May 2025 – 31 March 2027.

As UTAP is given on calendar year basis, and calculated based on year of training taken, it cannot be accumulated.

Maintained paid-up NTUC membership before course, throughout course duration and at the point of claim and;
Course by training provider must be supported under UTAP and training must commence within the supported period and;
Unfunded course fee must not be fully sponsored by company or other types of funding
Unfunded course fee must be S$20.00 and above, and;
Member must achieve a minimum of 75% attendance for each application and sat for all prescribed examination(s), if any and;
UTAP application must be made within 6 months after course ends.

To submit for UTAP claims, please visit http://skillsupgrade.ntuc.org.sg/. Terms and conditions apply.
Should you have queries on the funding scheme, you can email to UTAP@e2i.com.sg or call NTUC Membership Hotline at 6213-8008

Programme Facilitator(s)

Understand the importance of AML/CFT for NPOs and Charities, including their exposure to financial crime risks
Examine the Financial Action Task Force (FATF) Recommendations and their implications for NPOs and Charities, with a focus on Recommendation 8.
Identify and assess vulnerabilities in NPOs and Charities operations that could be exploited for terrorism financing (TF) or money laundering (ML)
Implement a foundation for an AML/CFT compliance programme tailored to the unique needs of NPOs and Charities