Revision of FATF Recommendation 8 reflects asks of non-profit and philanthropy sector
During its plenary session on 25-27 October 2023, the Financial Action Task Force (FATF) approved a revision of its Recommendation 8 (R. 8) on Non-Profit Organisations (NPOs) and its Interpretive Note to address the misapplication and misinterpretation of R. 8, which had led countries to apply disproportionate measures on NPOs.
