{"id":69862,"date":"2016-04-22T11:29:20","date_gmt":"2016-04-22T11:29:20","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=25042f757b5753a92e270f9089e20644"},"modified":"2016-04-22T11:29:20","modified_gmt":"2016-04-22T11:29:20","slug":"news-story-regulator-alerts-charities-to-international-consultation","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=69862","title":{"rendered":"News story: Regulator alerts charities to international consultation"},"content":{"rendered":"
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The Charity Commission is issuing an alert to charities to draw their attention to the Financial Action Task Force\u2019s public consultation to consider amendments to its Recommendation 8 which focusses on non-profit organisations and the risk of terrorist abuse.<\/p>\n

The Financial Action Task Force (FATF) is the global standard setting body for anti-money laundering and counter terrorist financing. FATF has developed a series of Recommendations for countries to implement. Collectively these represent the global standard that every country is expected to meet.<\/p>\n

FATF Recommendation 8 (R8) focuses on Non-profit organisations (NPOs) and the implementation of measures so that they cannot be abused for the financing of terrorism. Following a consultation in November 2015 on FATF\u2019s Interpretative Note to R8 and its earlier typologies report<\/a> about the risk to the NPO sector (see endnote 1)<\/a> and Best Practices paper on Combating the Abuse of Non-Profit Organisations<\/a> (see endnote 2)<\/a> FATF is now consulting on the text of R8 itself to align the various documents and resources on this issue.<\/p>\n

R8 as currently written is as follows:<\/p>\n

\u2018Countries should review the adequacy of laws and regulations that relate to entities that can be abused for the financing of terrorism. Non-profit organisations are particularly vulnerable, and countries should ensure that they cannot be misused:<\/p>\n

(a) by terrorist organisations posing as legitimate entities;<\/p>\n

(b) to exploit legitimate entities as conduits for terrorist financing, including for the purpose of escaping asset-freezing measures; and<\/p>\n

(c) to conceal or obscure the clandestine diversion of funds intended for legitimate purposes to terrorist organisations\u2019<\/p>\n

The FATF consultation will consider responses and proposed amendments to the wording of R8. The consultation closes at 18:00 CET on 29 April 2016, all responses should be sent to FATF-NPOconsultation@fatf-gafi.org<\/a>. Please visit the FATF website<\/a> for information and details about how to submit a contribution.<\/p>\n

The commission considers that charities which work internationally to provide services or which fund overseas partners to do so – particularly in conflict zones or in close proximity to terrorist groups – will find this consultation of particular interest.<\/p>\n

Endnotes<\/h3>\n
    \n
  1. \nFATF Report: Risk of Terrorist Abuse in Non-Profit Organisations, June 2014<\/a>.<\/li>\n
  2. \nFATF Best Practices Report: Combating the Abuse of Non-Profit Organisations (Recommendation 8)<\/a>.<\/li>\n<\/ol>\n
    \n
    \n

    Press office<\/h3>\n
    \n
    \n

    \n Email<\/span>
    \n     pressenquiries@charitycommission.gsi.gov.uk<\/a>\n <\/p>\n

    \n Press enquiries – office hours<\/span>
    \n 0300 065 2123\n <\/p>\n

    \n Press enquiries – out of hours<\/span>
    \n 07785 748787\n <\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    Charities encouraged to take part in Financial Action Task Force consultation on protecting charities against terrorist abuse.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69862"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=69862"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/69862\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=69862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=69862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=69862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}