FATF Toolkit for Kenyan Non-Profit Organizations
A Toolkit for Kenyan Non-profit Organizations
PUBLISHED: DECEMBER 2021
ICNL is pleased to share a toolkit designed to provide information on the Financial Action Task Force (FATF) for non-profit organizations (NPOs) in Kenya. The toolkit answers the question “what is the Financial Action Task Force and how can NPOs become involved in the process to ensure there are no unintended consequences leading to overregulation?”
What topics does the toolkit cover?
- Introduction to FATF and anti-money laundering/countering terrorist financing (AML/CTF) and Recommendation 8, which addresses combating the abuse of NPOs for terrorist financing.
- Explanation of how Recommendation 8 can be used too broadly and impress burdens upon NPOs not at risk of money laundering or terrorist financing.
- Introduction to the Mutual Evaluation Process, through which FATF assesses governments on their compliance with FATF standards.
- Opportunities for Kenyan civil society to become involved in different stages of the evaluation process.
- Additional resources on FATF and contact points in the country and region.
Why is the toolkit useful?
- The toolkit makes the FATF Recommendations, particularly Recommendation 8, more accessible to civil society by providing simple explanations of the institution, its goals, and how the Recommendations affect NPOs.
- It provides methods through which interested organizations can engage on this issue, including in the Risk Assessment and Mutual Evaluation Process.
- The toolkit gives organizations a list of resources to further deepen their knowledge of FATF.
Who can use the toolkit?
- The toolkit is designed primarily for civil society representatives and is particularly useful for smaller NPOs who are looking to engage on FATF issues for the first time.
- It can also be useful for:
- National and local policymakers
- Those advocating for reform of overly broad applications of FATF Recommendation 8
- The media