FATF Immediate Outcome (IO) 10 assesses the effectiveness of terrorist financing preventive measures and financial sanctions. In particular, IO 10 focuses on how terrorists, terrorists organisations and terrorist financiers are prevented from raising, moving and using funds, and from abusing the Non-Profit Organisation (NPO) sector.
The Mauritius NPO sector includes associations, charitable trusts, charitable foundations and company limited by guarantee.
The FATF typologies report examines the abuse of the NPO sector through a wide lens because the activities, and therefore vulnerabilities, of the sector extend beyond its financial flows to include material support. The abuse of the NPO sector by terrorists or terrorist organisations raises a number of complex strategic issues which is discussed in great length along with providing recommended solutions and an analytic foundation for further deliberations.
The FATF typologies report on the risk of terrorist abuse in NPOs can be downloaded here.
The FATF best practices paper on combatting the abuse of NPOs sets out specific examples of good practice which primarily assist countries in their implementation of Recommendation 8 on non-profit organisations and NPOs in mitigating TF threats they may face. It also assists financial institutions in the proper implementation of a risk-based approach when providing financial services and funding to NPOs.
The FATF best practices paper on combatting the abuse of NPOs can be downloaded here.
The NPO sector is a vibrant sector, providing innumerable services to millions of people and its importance cannot be overstated. The exploitation of a sector devoted to good works by entities intent on harming innocents is a particularly egregious form of abuse that fundamentally undermines public trust in the sector. This guidance is focused on raising awareness of the threat so that NPOs in Mauritius can put their own operational safeguards in place to ensure resilience to terrorist financing abuse.
The NPO brochure ‘Being Resilient’ can be downloaded here.
The risk assessment of the NPO Sector was commissioned by the Government of Mauritius as part of its commitment as a member of Financial Action Task Force (FATF) to combat the financing of terrorism (TF). The NPOs identified to meet the FATF definition of NPOs in the risk assessment are Associations (RoA Act), NPOs (statute), Charitable Foundations, Charitable Trusts and Companies Limited by Guarantee.
The Executive Summary of Terrorist Financing Risk Assessment for the NPO Sector in Mauritius can be downloaded here.