The Financial Action Task Force (FATF) is an intergovernmental policy-making body that sets anti-terrorist financing and anti-money laundering standards. These standards are used to assess the adequacy of laws and regulations in nearly every country in the world. Since 9/11, FATF has increased its focus on regulation of financial services and charities. In doing so, it created Recommendation 8 (R8) on laws relating to nonprofit organizations. Although FATF has taken positive steps since 2012 to prevent abuse or misapplication of its program, more needs to be done to ensure that anti-terrorist financing laws cut the flow of money to terrorists, not to civil society. CSOs must pay close attention to the workings of FATF to prevent new laws that impede their work.
Global NPO Coalition on FATF
Since 2012, the Global NPO Coalition on FATF has helped civil society raise its voice with FATF at the national level. It has coordinated responses to draft revisions of FATF’s Best Practices Paper and Typology Report, as well as working to develop a formal consultation process with FATF. More recently, it has worked for changes in R8 and its accompanying Interpretive Note (see p. 54).
Featured Resources
Webinar Recording Now Available
The Global NPO Coalition on FATF presents: "Nonprofits No Longer 'Particularly Vulnerable': What's Next?" Broadcast on September 12, 2016 Recording now available at http://bit.ly/2cfpZnp The Financial Action Task Force (FATF) has revised its Recommendation 8 on
Revision of FATF Recommendation 8 Applauded by NPO Sector
Nonprofit organizations (NPOs) are cheering the recent revision of the Financial Action Task Force's (FATF) Recommendation 8 (R8), removing the term "particularly vulnerable" to describe NPOs and has long hampered their legitimate and essential work around the
Nonprofit Organizations No Longer ‘Particularly Vulnerable’, Says FATF
Nonprofit organizations (NPOs) are cheering the recent revision of the Financial Action Task Force's (FATF) Recommendation 8 (R8), removing the term "particularly vulnerable" to describe NPOs and has long hampered their legitimate and essential work around
Global NPO Coalition on FATF Submits Proposed Revisions to Recommendation 8
The "broad-brush tarring of the entire [nonprofit] sector is contrary to the evidence base and has been criticised by the NPO sector," the Global NPO Coalition on FATF stated in its April 29 submission
Now Is the Time to Weigh In on Counter-Terrorism Financing Regulations
Nonprofit organizations (NPOs) have several opportunitites for advocacy around counter-terrorism financing (CTF) laws and policies that impede their work. At its April 18 consultation with NPOs in Vienna, Austria, the Financial Action Task Force (FATF)
Article Highlights Civil Society Advocacy Around FATF
A new article on the Open Democracy media platform highlights the important advocacy work of the Global NPO Coalition on FATF and discusses how nonprofits can harness the Coalition's recent successes to open space for civil society around counterterrorism