Civil Society Response to SNRA Money Laundering and Terrorist Financing

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The European Commission is currently undertaking a Supra-National Risk Assessment (SNRA) of money laundering and terrorist financing risks affecting the internal market. Initial findings presented by the EC in a consultation meeting organized by DG Justice last October indicate 16 sectors and activities to be at risk for terrorism financing. Among those are the collection and transfer of funds by not for profit organizations (NPOs). As regards the collection of funds, risk scenarios are related to the establishment of NPOs to fund raise for terrorist purposes domestically and across borders. More information is available here.

Source: Civil Society Europe

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