Topic: Financial Inclusion and NPOs

Topic: Financial Inclusion and NPOs

Ensuring that financially excluded or underserved groups have access to regulated financial services helps to strengthen the implementation of AML/CFT measures. The FATF Standards also helps protect the non-profit sector from abuse for terrorist financing.  Using the risk-based approach, these measures should not disrupt or discourage legitimate non-profit activities.

How can NPOs provide input into the mutual evaluation process?

Mitigating the Unintended Consequences of the FATF Standards

AML/CFT Measures and Financial Inclusion

This FATF Guidance aims to provide support in designing Anti-Money Laundering and Terrorist Financing (AML/CFTmeasures that meet the goal of financial inclusion, without compromising the measures that exist for the purpose of combating crime. The revised Guidance, reflects the changes made to the FATF Recommendations in 2012 and focuses in particular on the reinforcement of the risk-based approach (RBA), as a general and underlying principle of all AML/CFT systems.