Over 70 groups sign NPO Statement concerning FATF R8 BPP consultation process

On March 4, 2015, the FATF Secretariat shared a section of the draft Best Practice Paper on Combating the Abuse of Non-Profit Organisation (BPP), requesting input from non-profit organizations (NPOs) to be submitted before the consultation on March 25 or by April 10. Input is requested on self-regulation and due diligence practices and on limited sections of the BPP, mainly those that target NPOs.

We welcome FATF’s approach to consult the sector. We wish to ensure that there is wide and meaningful consultation as possible on the whole paper, especially grassroots service organizations, which are more difficult to reach.

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