The Financial Action Task Force (“FATF”) has published two public consultations, both concerning the protection non-profit organisations (“NPOs”) from potential terrorist financing abuse.
The two consultations concern:
- The FATF Best Practice Paper to Combat the Abuse of Non-Profit Organisations;
- The Revision of Recommendation 8 and its Interpretive Note.
Stakeholders are invited to submit responses and/or drafting proposals to the public consultations by 18th August 2023.