Risky Business

In this episode, we examine how the financial sector has responded to FATF’s Recommendation 8, with a focus on de-risking and its widespread effects on non-profits. We'll explore the role of financial institutions and how regulatory pressures shape their actions, impacting the nonprofit sector's ability to operate. Join us as we navigate the complex interplay of market responses and regulatory impacts across the financial landscape.

In this episode, we shift our focus to the national context of FATF’s Recommendation 8. We explore how various countries have implemented this standard, often leading to overregulation and unintended consequences for nonprofits. We also examine FATF’s response and discuss how risk assessments and mutual evaluations can be leveraged to better support nonprofit organizations.

In this first episode, we dive into FATF’s Recommendation 8 and its unique focus on the nonprofit sector. Discover how nonprofits became part of counter-terrorism financing frameworks through this standard, why it’s seen as a “category error,” and what future changes are needed.

Welcome to Risky Business, a podcast by Human Security Collective, which interrogates how nonprofits are caught up in the FATF counter-terrorism financing framework. How do you alleviate the unwarranted overregulation, suppression and financial exclusion faced by NPOs caught in a web of legislative, regulatory and policy developments set up to combat financial crime? Do we stick to an evolutionary approach, and keep refining the FATF Recommendations and their implementation at national level or should we think about a more revolutionary approach? Join us to unpack these issues as we focus on the particular Recommendation itself, the national context, the market, and on FATF accountability and transparency.