• Description

This report is the result of numerous dialogues held over the years with representatives of civil society, Financial Action Task Force (FATF) standards specialists, regulatory agency authorities, and financial institution representatives. It is also the result of research conducted by FATF experts and experts from the Global Non-profit Organization (NPO) Coalition on FATF on the impact of the preventive framework against terrorist financing on the daily practice of organizations that exercise their freedom of association and contribute to the common good.

So far, the debate on the problem of misuse of NPOs for terrorist financing in Latin America has been characterized by assertions based on generalizations rather than on data. Stakeholders have not been able to sit around the table to identify evidence of risk or discuss deficiencies in policies or procedures. The lack of a shared basic understanding of the proper implementation of Recommendation 8 is a major challenge.