New research published by the International Centre for Not-for-profit Law explores the challenges for the non-profit sector, which has also been recognized by the Financial Action Task Force (FATF), a key global standard setter on AML/CFT issues. The research aims to better understand the driving forces of de-risking. It documents practices in relation to how financial institutions based in multiple jurisdictions on board and monitor of civil society organisations. The report also provides recommendations for further actions in tackling the root causes of financial exclusion for the non-profit sector. Read more here.
Source: ICNL
