Opinion: Civil society concerns about FATF R. 8.

In the bid to combat terrorist financing, FATF, the multilateral institutional entity saddled with this responsibility, introduced measures such as Recommendation eight which despite its good intentions, have had some unintended consequences on Non-Profit Organizations. The crux of the issue stems from the particularly abstruse language, strict adherence requirements and unbending stance on penalties for lack of absolute compliance.

Click here to download the pdf