STUDY ON NGO AND THE IMPLEMENTATION OF MEASURES AGAINST MONEY LAUNDERING AND TERRORIST FINANCING

On 17 May, the Council of Europe advised that Expert Council on NGO Law of the Conference of INGO has published a Study on Non-Governmental Organisations and the Implementation of Measures Against Money Laundering and Terrorist Financing.  It says that the Study shows that the way in which the relevant requirements are being applied by states is leading, or will lead, to significant burdens for NGO that are not at risk of being implicated in money laundering or terrorist financing and thus doing so without making any useful contribution to tackling such activities.  It concludes that it is unlikely that the difficulties encountered in the implementation of the various requirements will be overcome without a much more serious and ongoing engagement by the oversight bodies with NGO.

https://www.coe.int/en/web/ingo/-/the-expert-council-on-ngo-law-of-the-conference-of-ingos-published-a-study-on-non-governmental-organisations-and-the-implementation-of-measures-agains

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017