The EU-funded AML/CFT Global Facility, in collaboration with the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), the Global NPO Coalition on FATF and the Financial Intelligence Centre (FIC), South Africa will jointly organise a three-day regional workshop on “Implementation of Requirements of FATF Recommendation 8” for ESAAMLG member countries.
Scheduled on 7 to 9 March 2022 in in Johannesburg, South Africa, the regional workshop will seek to assist participants to:
- – Understand the requirements of FATF Recommendation 8 and what they need to do to strengthen their legislations, institutional and operational frameworks such as policies and other terrorist financing mitigating measures.
- – Acquire knowledge and expertise so that they are able to identify those NPOs that fall within the FATF definition and those which are likely to be at the risk of TF abuse, and to better understand how the NPOs can be abused for terrorist financing purposes;
- – Acquire knowledge and expertise which will enable them to apply targeted risk-based supervision or monitoring of those NPOs that are at risk of being abused; and
- – Understand how they can establish effective mechanisms to facilitate cooperation and coordination and information sharing amongst relevant competent authorities in order to take preventive or investigative action in a timely manner.
This Workshop will be organised and held in the spirit of enhancing member countries’ compliance with relevant FATF Standards. It will provide regulators of NPOs, FIUs and NPO Associations with a platform to discuss and share insights on best practices and challenges which they face and methodologies that can be used to ensure compliance with the FATF requirements on NPOs. Such exchanges will contribute towards prioritisising the improvement of national legislation and policies that will promote accountability, integrity and public confidence in the administration and management of NPOs. The Workshop will also assist member countries to implement respective FATF ICRG Action Plans or any other follow-up processes in relation to Recommendation 8.