On Apr. 11, 2025, CHI CB published the finalized Counter terrorist financing management measures for social organizations, which takes effect on May 1, 2025.
CHI CB and Ministry of Civil Affairs will regularly conduct terrorist financing risk assessments on applicable social organizations to ensure they understand the risks.
The Civil Affairs Department, CHI CB and its branches, relevant competent authorities shall carry out anti-terrorist financing publicity, training to guide social organizations.
Social organizations shall raise their awareness of terrorist financing risks.
They shall strengthen internal control procedures and financial management measures.
Improve internal governance, increase the transparency of their own business and funds, and prevent them from being used for terrorist financing/other illegal activities.
CHI CB issued proposed revisions to Counter terrorist financing management measures for social organizations in order to align with updated international standards for CFT.
Document dated Dec. 23, 2024, received from CHI CB Dec. 24, summarized Dec. 30.
Proposed Amendments
Revisions focus solely on CFT, and removing AML requirements for social organizations.
The new scope of application includes legally registered foundations, social groups, and social service organizations in China that raise and use funds for public welfare.
Introduce periodic risk assessments for terrorist financing, with tailored measures based on risk levels, low-risk organizations primarily require awareness, training.
Consultation Period
Comment period closes on Jan. 8, 2025.
Apr. 2025 Measures Finalized
On Apr. 11, 2025, CHI CB published the finalized Counter terrorist financing management measures for social organizations, which takes effect on May 1, 2025.
CHI CB and Ministry of Civil Affairs will regularly conduct terrorist financing risk assessments on applicable social organizations to ensure they understand the risks.
The Civil Affairs Department, CHI CB and its branches, relevant competent authorities shall carry out anti-terrorist financing publicity, training to guide social organizations.
Social organizations shall raise their awareness of terrorist financing risks.
They shall strengthen internal control procedures and financial management measures.
Improve internal governance, increase the transparency of their own business and funds, and prevent them from being used for terrorist financing/other illegal activities.
