A new study of the Council of Europe (CoE) tackles the elaboration and oversight of the implementation of certain European and international requirements with respect to activities that might support or act as a cover for money laundering and terrorist financing insofar as this can have an adverse impact on the legitimate activities of NGOs in CoE member States. The study finds that the way in which the relevant requirements are being applied is leading, or will lead, to significant burdens for NGOs that are not at risk of being implicated in money laundering or terrorist financing and thus doing so without making any useful contribution to tackling such activities. Read more here.
Source: Council of Europe