FATF CALLS FOR TIGHTER TF CONTROLS FOLLOWING HAMAS ATTACK ON ISRAEL
October 27th, 2023
With weaknesses in terror finance controls exposed by Hamas’ bloody attack on Israel, killing more than 1,400 people (UN reports), and sparking deadly military reprisals in Gaza, the Financial Action Task Force (FATF) has proposed a range of CFT reforms (1).
These had been planned before the Gaza war and were announced today (Friday Oct 27) as the global AML/CFT body’s October plenary wrapped. Notably, FATF has approved amendments to its recommendations on non-profit organisations (NPOs), making them better protected from abuse for terrorist financing ...
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