7th September 2023 @ 11:00 am-12:30 pm Nairobi Time
According to the Financial Action Task Force 2014 report- Risk of Terrorist Abuse in Non-Profit Organisations, Non-profit organizations (NPOs) most at risk of abuse by terrorists appear to be those engaged in service activities and those that operate in close proximity to an active terrorist threat.
However, as stated in the FATF Recommendation 1, countries should identify, assess, and understand the money laundering and terrorist financing risks for the country, and should act, including designating an authority or mechanism to coordinate actions to assess risks, and apply resources, aimed at ensuring the risks are mitigated effectively. Based on the assessment findings, countries should apply a risk-based approach (RBA) to ensure that measures to prevent or mitigate terrorist financing are commensurate with the risks identified.
Hosted by DPI, The Civic Advisory Hub, in collaboration with the NPO Coalition on FATF – East and Southern Africa Chapter, committed to bridging the knowledge gap on NPO – FATF related processes and maintaining close and constructive dialogue with the AML/CTF Regulators, including the private sector, as key partners in mitigating the unintended consequences attendant to the misapplication of the FATF recommendations.
Our Experts from those countries that have successfully performed an NPO Risk Assessment on TF are more than ready to share and respond to any question related to composition of a National NPO risk assessment working group, criterion of identification of members to the group, the skills and knowledge needed by the working group, why it is important for you as member of the NPO to be part/representation of the working group and any attendant challenges.
Don’t miss the presentations, panel discussions!