Anti-Money Laundering and Countering the Financing of Terrorism (Specified Non-Profit Organisations) Code

In conjunction with the Department of Home Affairs, we asked for views on the proposed Anti-Money Laundering and Countering the Financing of Terrorism (Specified Non-Profit Organisations) Code.

Responses were received from two parties. The responses received were broadly supportive and respondents understood the rationale behind the proposed updates.

Some changes to the proposals were made in order to be consistent with the rest of the AML/CFT Framework. These are detailed in the consultation response document. The Anti-Money Laundering and Countering the Financing of Terrorism (Specified Non-Profit Organisations) Code 2019 came into operation on 1 June 2019.