One of our primary focuses is to support partner jurisdictions to better comply with Recommendation 8 requirements. We do so by assisting them in preparing and elaborating NPO Sectoral Risk Assessments, which are a crucial pre-condition for a positive re-assessment by the FATF and Financial Action Task Force-style regional bodies (FSRBs) in terms of compliance with the requirements of FATF Recommendation 8. This multifaceted approach encompasses the following key areas:
- We assist partner countries in adopting a robust risk assessment methodology specific to non-profit organisations (NPOs) and terrorist financing, in full compliance with the Financial Action Task Force (FATF) Recommendation 8.
- Collaboration with government partners enables us to access and analyse all pertinent data necessary for conducting comprehensive risk assessments and evaluating mitigating measures.
- Our experts work in tandem with government and CSO partners to develop risk assessment reports that adhere to FATF Recommendation 8 standards. These reports provide a comprehensive overview of potential risks related to NPOs and terrorist financing.
- We extend our support to government partners by aiding them with internal reporting processes and International Co-operation Review Group (ICRG) reporting requirements.
- We work closely with the Global NPO Coalition on FATF and its leading organisations (HSC, ICNL, ECNL).
Interested to learn more? Read our blog article about this.