#Monitor and clarify definition professional

Revision of the INR.5 to replace “ funds” with “ funds or other assets” throughout INR.5, in order to have the same scope as R.6. 5 and the Glossary definition of ' Funds or other assets'

Outcomes of the Plenary meeting of the FATF, Paris, 19-21 October 2016 This brings INR.8 into line with the FATF Typologies Report on Risk of terrorist abuse in non-profit organisations (June 2014) and the Best Practices on Combating the Abuse of Non-Profit Organisations (June 2015) which clarify that not all NPOs are high risk and intended to be addressed by R.8, and better align the implementation of R.8/INR.8 with the risk-based approach.

Revision of the standard on non-profit organisation (NPO) to clarify the subset of NPOs which should be made subject to supervision and monitoring. Outcomes of the Plenary meeting of the FATF, Busan Korea, 22–24 June 2016 This clarifies that Recommendation 5 requires countries to criminalise financing the travel of individuals who travel to a State other than their States of residence or nationality for the purpose of the perpetration, planning, or preparation of, or participation in, terrorist acts or the providing or receiving of terrorist training. Insertion of B.3 to incorporate the relevant element of United Nations Security Council Resolution 2178 which addresses the threat posed by foreign terrorist fighters. 5 to address the foreign terrorist fighters threat

#Monitor and clarify definition professional

Insertion of the reference that DNFBP secrecy or confidentiality laws should not affect the provision of mutual legal assistance, except where the relevant information that is sought is held in circumstances where legal professional privilege or legal professional secrecy applies.įATF Plenary week from 17 October to 23 October 2015 Outcomes of the FATF Plenary, 20-22 February 2013Īlignment of the Standards between R.37 and R.40