As a part of the continuous advocacy efforts by global non-profit (NPO) coalition, 123 organisations from 46 countries signed a letter calling on the FATF to open a process to revise Recommendation 8 in order to minimize future missuses. FATF’s standards, combined with country compliance evaluations, have led to a growth of restrictive regulations for non-profits around the world and contributed to banks refusing services to NPOs. The global coalition of NPOs, spearheaded by ECNL and partners, protests against FATF’s unproven assumption that the entire NPO sector is particularly vulnerable to terrorism financing abuse. The initiative is supported by a diverse range of nonprofits including over 30 service delivery organisations and networks, over 50 donor organisations and networks, over 20 human rights and transparency organisations and networks, and organisations based both in the ‘global north’ as well as in the ‘global south’. They all requested that the key FATF standard-setting document (Recommendation 8) is put to the agenda in the upcoming FATF February 2016 Plenary meeting. More information is available here.
Source: ECNL
