Vienna, 18 April 2016 – The Financial Action Task Force (FATF) held a Consultation and Dialogue Meeting with Non-Profit Organisations (NPOs) on 18 April 2016 in Vienna, Austria.
The main objective of this meeting was to have an open dialogue with representatives from a variety of NPOs on the FATF’s ongoing work to revise its standards on non-profit organisations (FATF Recommendation 8 and its Interpretive Note). The FATF recognises the importance of engaging directly with NPOs on these important issues.
The meeting was chaired by the President of the FATF, Mr. Je-Yoon Shin (Korea), and hosted by the United Nations Office on Drugs and Crime at their headquarters in Vienna. In total 116 representatives of 21 FATF member and observer delegations, 26 NPOs and 37 private sector guests attended the meeting. The participants had an in-depth exchange of views on the following key issues:
The FATF reiterates its commitment to continuing engagement with NPOs on these important issues.
The FATF will discuss the input received through this meeting and consult further with NPOs, with a view to finalising the revisions to FATF Recommendation 8 and its Interpretive Note in June 2016.