NPOs Applaud Important Changes in Financial Action Task Force (FATF) Policy

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The Global NPO Coalition on FATF, representing a wide coalition of non-profit organisations (NPOs), applauds the Financial Action Task Force’s (FATF) recent update to its counter-terrorism recommendation on NPOs. NPOs hail the removal of the long-standing characterization of non-profits as “particularly vulnerable” to terrorist abuse from Recommendation 8 (R8). The previous language led to overregulation and inappropriate restrictions on NPOs, hampering their legitimate and essential work around the world. The policy changes were approved at FATF’s Plenary in South Korea on 22-24June. More information is available here.
Source: ECNL

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