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Beware ‘dirty’ money, charities told


TRE GREAVES, [email protected]

Beware ‘dirty’ money, charities told

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Charitable organisations must guard against money launderers hoping to wash their money.

Both registrar at Corporate Affairs and Intellectual Property Office (CAIPO), Heather Clarke, and Director of the Financial Intelligence Unit (FIU), Shelley Nicholls-Hunte, made this plea yesterday, while noting that charities were becoming bigger targets.

During the National Risk Assessment Report Outreach Sensitisation Session held at the Lloyd Erskine Sandiford Centre, Clarke explained that due to stricter regulations, criminals were moving away from using financial institutions.

“[Charities] do good work and we recognise that, but we have to balance that against the fact that we are not in a normal environment and things have changed. The movement has gone beyond financial organisations and towards charities because of their reputation, and they have access to cash. (TG)

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