Measures adopted in the Republic of San Marino

On August 10, 2010 entered into force Law no. 129 of 23 July 2010 which, under Articles 37 and 38 introduces obligations for Associations, Foundations and other non-profit entities.

On May 27, 2009 the Council of Twelve, the Body supervising the administration of Foundations and recognised non-commercial companies, adopted the Decision No. 30 with whom it has entrusted the Bureau of the Great and General Council and Financial Intelligence Agency to:

• contact consulting associations and promote education campaigns;
• adopt a memorandum of understanding between the Council of Twelve, the Judge of Supervision and the FIA;
• initiate a study on the financing of non-profit sector;
• prepare a questionnaire to be sent to Associations, Foundations and other entities in order to analyze the risk of misuse for illicit purposes.

During year 2009 the Bureau of the Great and General Council and FIA sent to non-profit sector entities the main documentation and promoted an awareness campaign by organizing meetings with the participation of some representatives of the sector.

Memorandum of Understanding between the Council of Twelve, the Judge of Supervision and FIA was signed on September 14, 2009 and updated on September 15, 2010.