Wolfsberg Group Response to FATF paper on NPO Abuse
The Wolfsberg Group has published its response to the FATF Public Consultation on the draft FATF R.8/INR Amendments and Best Practice Paper to Combat the Abuse of the Non-Profit Organisation (NPOs) Sector.
The response covers the Group’s views on:
NPOs’ risk awareness and mitigation; and
Access of legitimate NPOs to financial services.
Firms can view the Wolfsberg response to the consultation in advance of potential forthcoming changes to the FATF Recommendations and Guidance.
AML/CTF/CPF
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