ECNL | What can CSOs do when they face abuse or over-regulation caused by AML/CFT standards?

In earlier posts on this blog I pointed out that there are major deficiencies in the way the European Commission, the Dutch government and international institutions like the undemocratic FATF, treat the not-for-profit sector in relation to anti-money laundering (AML) and anti-terrorist financing (CFT) [*].

The European Center for Not-for-Profit Law (ECNL) is worried also and in the article What can CSOs do when they face abuse or over-regulation caused by AML/CFT standards? ECNL points out that AML-/CFT-legislation should not be misused to restrict civic freedoms. This this point of view is supported by FATF (though I wonder if they really understand the position of the not-for-profit sector in Europe [**]). The problematic attitude of governments / international organisations towards the not-for-profit sector is not only a matter of ‘far away’ and ‘non-civilized’ countries. It is also the case in the Netherlands.

As I wrote earlier, it is necessary that associations of not-for-profit organisations, like ECNL, scrutinize national and international AML-/CFT-legislation and when the concepts or legislation are inadequate provide governments and international organisations with counterbalance.



[*] Recently:

[**] ECNL mentions a letter of FATF on the Serbian government, in which FATF seems to think that not-for-profit organisations (NPOs) only consist of organisation with ‘charitable’ activities. In the Netherlands a major part of public activities (like schools and hospitals) are the responsibility of the not-for-profit sector.

Over Ellen Timmer

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