- On behalf of WINGS and the philanthropy sector, the EFC occupies one of the four seats designated for the non-profit sector on the Financial Action Task Force (FATF) Private Sector Consultative Forum (PSCF)
- At this event, the EFC will voice the interests and concerns of members and philanthropy infrastructure organisations who gave input to national evaluation processes/risk assessments over the last year
As last year, EFC will attend the FATF PSCF from 22-24 April on behalf of WINGS and the wider philanthropy sector– having one of the four new seats for the non-profit sector for which the EFC, as part of the wider FATF NPO coalition, has been successfully advocating for.
The NPO FATF coalition (EFC is a core member of the coalition) was again able to co-organise with FATF one half-day workshop, which will be attended by a larger group of NPOs. This session will cover engagement in relation to risk assessment and FATF mutual evaluation processes with NPOs but also with Financial Institutions (FIs) and designated non-financial businesses and professions (DNFBPs). The EFC has, over the past year, collected input from members and philanthropy infrastructure organisations who were involved in national evaluation processes/risk assessments to be able to feed input into the discussion. On 24 April the full day meeting will include updates on FATF priorities and a panel on de-risking. Bank-derisking was a key topic also at EFC’s 2017 EuroPhilantopics at which a multi-stakeholder panel discussed latest research and perspectives from the financial sector and the World Bank.
The EFC will report back to the sector – please contact Hanna Surmatz firstname.lastname@example.org for more information.