Civil Society and Media

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.

The EU Global Facility offers comprehensive capacity-building training to various stakeholders, including authorities, regulators, and Non-Profit Organisations (NPOs) within partner jurisdictions. Mostly centered around compliance with the requirements of Financial Action Task Force (FATF) Recommendation 8, these training seek to enhance the understanding and awareness of AML/CFT risks specific to Civil Society Organisations (CSOs). By equipping relevant stakeholders with essential tools and knowledge, the EU Global Facility empowers them to bolster their mechanisms for preventing, detecting, and combatting illicit financial activities within the sector.

Our approach -which involves training sessions tailored to the specific requests of partner countries- have yielded significant success so far. Our engagement has resulted in positive re-rating for jurisdictions seeking compliance with FATF Recommendation 8 and IO 10. These tangible results have solidified the EU GF’s position as a leading international actor in this area.

A key factor contributing to the success of the EU Global Facility’s bilateral training is the unique methodology, which involves bringing together both authorities/regulators and NPOs. This collaborative approach has been highly beneficial and well-received by partner states. Furthermore, engagement of experts from the Global NPO Coalition on FATF in the TA activities designed for the partner jurisdictions, also ensures the holistic and comprehensive approach.