Tuesday, September 1, 2015
The Centre on Philanthropy is offering a series of workshops aimed at helping charities deal with tougher compliance rules.
The charities umbrella group will partner with the Registry General to present Anti-Money Laundering (AML) and Anti-Terrorist Financing (ATF) sessions, starting on Thursday, September 17.
“As a result of the new Charities Act 2014, which came into effect on December 31, 2014, registered charities are now required to appoint an AML/ATF compliance officer,” Elaine Butterfield, executive director of the Centre on Philanthropy, said.
“We are delighted to be able to bring this mandatory training to charities in partnership with the Registry General. Once trained, non-profit agencies will be able to identify any risk in receiving funds inappropriately or from inappropriate sources, as well as undertake regular reviews on the risks they face and institute risk-avoidance procedures.”
Ms Butterfield said appointed compliance officers would need to undergo training in topics including non-profit risk assessment, annual reporting and record-keeping, due diligence requirements and AML/ATF systems and control requirements.
The training, which is all being offered free of charge, will take place on September 17, 22 and 24. The sessions will be held at The Centre on Philanthropy, 16 Wesley Street, Hamilton. Attendees are required to register at firstname.lastname@example.org or by calling 236-7706.