Notice to All Foundations and Other Non-Stock Corporations Primarily Engaged in Raising or Disbursing of Funds for Purposes such as Charitable, Religious, Cultural, Educational, Social or Fraternal Purposes, or for the Carrying Out of Other Types of Good Works

2020 ENFORCEMENT AND INVESTOR PROTECTION DEPARTMENT NOTICE TO ALL FOUNDATIONS AND OTHER NON-STOCK CORPORATIONS PRIMARILY ENGAGED IN RAISING OR DISBURSING OF FUNDS FOR PURPOSES SUCH AS CHARITABLE, RELIGIOUS, CULTURAL, EDUCATIONAL, SOCIAL OR FRATERNAL PURPOSES, OR FOR THE CARRYING OUT OF OTHER TYPES OF GOOD WORKS AML/CFT RISK ASSESSMENT OF THE NON-PROFIT ORGANIZATION SECTOR The Securities and Exchange Commission (SEC) is conducting a risk assessment of the Non-Profit Organization (NPO) Sector to identify, assess and understand money laundering and terrorist financing (ML/TF) risks to which the sector is exposed and to implement the most appropriate mitigation measures. For this purpose, the SEC is collecting data from relevant government agencies, law enforcement authorities and institutions in the NPO sector. All concerned are enjoined to accomplish a Survey Questionnaire to assist the SEC in the conduct of the said Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Sectoral Risk Assessment. The Survey Questionnaire shall be accomplished and submitted online on or before 23 November 2020, 5:00PM . Said Questionnaire may be accessed through the following link: https://docs.google.com/forms/d/e/1FAIpQLSc1zvdckw0ZJ0r-95grJeUhJ5mUKiemGiXdM4IPwKxADpvtIQ/viewform For compliance.