Doha, Qatar: The Regulatory Authority for Charitable Activities (RACA) organized a forum to discuss the key results of updating the national assessment of money laundering and terrorist financing risks and its implications for the non-profit sector, with the aim of enhancing governance, transparency and financial integrity in these organizations, in line with local laws, international standards and the modern trends of the Financial Action Task Force (FATF).
The forum discussed ways to enable non-profit organizations to understand the results of the updated national assessment of money laundering and terrorist financing risks and its implications for the non-profit sector, and to benefit from it in identifying and managing the risks specific to each organization, according to the nature of its activities, sources of funding and the geographical areas in which it operates.
In this context, Director of the Office of the Director General of the RACA Khalid Abdulrahman Al Musleh said that the forum is of particular importance as it coincides with the updating of the national assessment of money laundering and terrorist financing risks, as it is one of the important national tools for understanding the nature of the risks, challenges and aspects that require further strengthening at the state level and in the various sectors.
He indicated that the RACA was keen to include some of the results of the update of the National Risk Assessment in the context of the non-profit sector, in order to support the formation of an integrated picture of the nature of the challenges that the sector may face.
