A Report on Assessment of Terrorist Financing Risk in Non-Profit Organizations in The United Republic of Tanzania,

Abstract

Risk assessment in matters related to Money Laundering, Terrorist Financing and Proliferation Financing (ML/TF/PF) is the process of identifying, analysing and understanding risks. In addition to assessing risks, there is usually a need to devise risk mitigation measures. Ultimately, the goal is to counter ML/TF/PF in the most effective way, which is through the allocation of resources according to the identified risks. Assessment of terrorist financing risk in Non-Profit Organisations (NPOs) is a similar process aims at identifying NPOs that are at risk of Terrorist Financing (TF) abuse. Not all NPOs in a country may be at risk of TF abuse. The process also involves analysing and understanding of the risks, and devising risk mitigation measures.