What does FATF Recommendation 8 mean for our NGO?
I’ve been seeing a lot about FATF and the 2024 legislative changes in newsletters from sector bodies but I honestly don’t understand what it means for us on the ground. We’re a small community organisation — after-school programmes, community events, nothing that sounds remotely like money laundering. Does FATF Recommendation 8 actually affect small organisations like ours or is it really aimed at larger NPOs? What do we actually need to do differently, if anything?
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James B. Changed status to publish