More News
Best Practices on Combatting the Abuse of Non-Profits Organizations
On 16th November 2023, the Financial Action Task Force (FATF) has updated its Best Practices to reflect the amendments to Recommendation 8 and to help countries, the non-profit sector and financial institutions understand how to effectively protect relevant NPOs from abuse for terrorist financing, without unduly disrupting or discouraging legitimate NPO activities
Protecting non-profits from abuse for terrorist financing through risk-based implementation of revised FATF Recommendation 8
On 16th November 2023, the Financial Action Task Force (FATF) amended Recommendation 8 and its Interpretative Note to address the misapplication and misinterpretation of Recommendation 8, that had led countries to apply disproportionate measures on Non-Profit Organisations (NPOs)
Recovering International Proceeds of Crime through Inter-Agency Networks
On 16th November 2023, the Financial Action Task Force (FATF) published a detailed report of the role and impact of Asset Recovery Interagency Networks (ARINs)
FATF Report – Crowdfunding for Terrorism Financing: Summary
The Financial Action Task Force (FATF) has published a report in October 2023 which discusses the significant international market of crowdfunding, its growth, and its potential for exploitation by terrorist actors. Crowdfunding is an innovative fundraising solution used for legitimate projects but can be abused for terrorist financing. The FATF conducted research showing that terrorist groups like ISIL, Al-Qaeda, and ethnically/racially motivated terrorists use crowdfunding to raise funds for their activities
HEADS OF FIUs MEETING – HARARE 2023
As evidenced in the mutual evaluation findings of the FSRBs, Sub Sahara African countries scored lower-level effectiveness in the field of AML/CFT/CPF. As of 24th February 2023, among the 23 jurisdictions under FATF’s increased monitoring (commonly known as grey list), 10 (about 43.48%) were African countries and 7 (30.43%) are from the ESCAY (Eastern, Central and Southern Africa and Yemen) region
goAML International User Group Meeting
The goAML International User Group Meeting was held in Vienna from Monday 23 October to Wednesday 25 October 2023
Study Visit on Financial Analysis and Asset Recovery
The Financial Intelligence Unit of Mauritius hosted a study visit from the Central Asset Recovery Office of Mozambique. The purpose of this visit was to facilitate the exchange of knowledge and best practices in the field of asset recovery and confiscation systems, as well as report writing and investigation processes. The study tour proved to be highly productive, fostering a fruitful collaboration between the two organizations.
Asset Recovery Inter Agency Network of Southern Africa (ARINSA) 2023: Strengthening Collaborative Approach with 17 Countries Hosted by Financial Intelligence Unit Mauritius
The Asset Recovery Inter Agency Network of Southern Africa (ARINSA) was hosted by the Financial Intelligence Unit (FIU) from 9th to 13th of October 2023. The conference has been instrumental in shedding light on the crucial topic of asset recovery investigation and the role of financial intelligence units in combating financial crimes.
Financial Intelligence Analysis Course
FIU officers attended a working session on ’Financial Intelligence Analysis’ in Johannesburg, South Africa from 20-24 February 2023.