AUSTRIA TOLD TO TIGHTEN UP CHARITY TERROR CONTROLS AS FATF REVIEW CONTINUES
December 1st, 2017
THE FINANCIAL Action Task Force (FATF) has welcomed Austria’s latest anti-money laundering/combating the financing of terrorism (AML/CFT) reforms although it has stressed that some changes are still needed and so the country will remain under a FATF review.
Notably, Austria has insufficiently assessed its non-profit organisation (NPO) sector “to identify NPOs at risk of TF abuse, the nature of threats, how terrorist actors use NPOs, or the adequacy of NPO laws and regulations.” FATF’s first enhanced follow up report of a 2015 peer review of Austria ...
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