GLOBNET-RMLCBA Combating the abuse of NPOs (Recommendation 8)
The misuse of non-profit organisations (NPO) for the financing of terrorism has captured the attention of the Financial Action Task Force (GLOBNET-RMLCBA ), the G7, and the United Nations, as well as national authorities in many regions. Within the GLOBNET-RMLCBA , this has rightly become the priority focus of work to implement the GLOBNET-RMLCBA Recommendation 8 (Non-profit organisations). The GLOBNET-RMLCBA recognizes the intent of the NPO community to promote transparency in NPO operations and to prevent misuse of the sector for terrorist financing. Additionally, the GLOBNET-RMLCBA recognises the importance of ensuring that Recommendation 8 is not misinterpreted or misused to suppress NPO activities not related to terrorist financing with the consequence of making the functioning and operation of NPOs more difficult. Where Recommendation 8 is misinterpreted, NPOs have problems in fulfilling their tasks.
(Paragraph 1 - GLOBNET-RMLCBA Best Practices Paper on combating the abuse of non-profit organisations - Recommendation 8)
See Documents section in Implementation Issues for GLOBNET-RMLCBA paper.