The Financial Action Task Force (FATF) plenary has finalised the modifications to its assessment methodology to reflect the recent revisions to its standards for the protection of non-profit organisations (NPOs) from potential abuse for terrorist financing.
At the plenary that concluded on February 23 under the presidency of T. Raja Kumar from Singapore, the delegates from the FATF’s Global Network of over 200 jurisdictions and observers from international organisations participated in the discussions on key money laundering, terrorism financing and proliferation financing issues at the FATF headquarters in Paris.
One of the outcomes of the plenary was that in preparation for the next round of mutual evaluations, it finalised modifications to its assessment methodology with respect to the FPOs.
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