FATF Recommendation 8

FATF Recommendation 8 focuses on the need for countries to take measures to prevent money laundering and terrorist financing through the use of non-profit organizations (NPOs). It encourages governments to ensure that NPOs do not become channels for illegal activities. This includes implementing regulations to monitor NPOs, promote transparency, and assess their financial activities. The aim is to protect legitimate organizations while preventing misuse that could fund terrorism or other illegal operations. Essentially, it seeks to balance the freedom of charitable organizations with security measures to safeguard against abuse.