Can I read EDD Guidelines for NGOs and NPOs on EtoBox?
EDD Guidelines for NGOs and NPOs by Mueen Akhtar is a document available to read on EtoBox.
What is EDD Guidelines for NGOs and NPOs about?
The National Bank of Pakistan issued Instruction Circular No. 197/2020 to enhance due diligence for high-risk entities such as NGOs, NPOs, and charities due to increased risks of money laundering and terrorist financing. Banks are required to conduct Enhanced Due Diligence (EDD) and obtain specific documentation to ensure legitimacy and compliance with regulatory requirements when dealing with these organizations. The circular emphasizes the importance of thorough verification processes and the creation of
- Author
- Mueen Akhtar
- Language
- EN