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NEWS: Wolfsberg Group proposes changes for FATF’s review on fincrime in the non-profits sector

GROUP: The group is named after Château Wolfsberg (pictured) in north-eastern Switzerland where members first met in 2000 to develop AML principles for banking.

The Wolfsberg Group has highlighted several points of concern and proposed enhancements in the FATF’s initial review of fincrime in the Non-Profit Organizations (NPOs) sector. The group says its suggestions could potentially bolster the effectiveness of global efforts to curb financial crimes and terrorist financing. One key concern raised by the Wolfsberg Group revolves around…

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