The document discusses changes to Recommendation 8 and the best Practices Paper of the Financial Action Task Force (FATF) during 2023. It emphasizes that countries should periodically identify organizations within the non-profit sector involved in the functional definition of FATF and assess the terrorism financing risks present in the sector. Countries are advised to implement focused, proportional measures based on risk to address identified risks, taking into account potential impact on the legitimate activities of civil society. More details on these and other important changes to FATF Recommendation 8 and its Interpretive Note can be found in the informative document prepared by ECNL, translated into Albanian by BCSDN member Partners Albania for Change and Development. Read more here.
Source: ECNL, Partners Albania