FG Urges African Nations to Adopt Balanced Anti-Terror Financing Rules for Non-Profits
The Federal Government has called on African countries to adopt a risk-based approach in implementing the Financial Action Task Force's (FATF) Recommendation 8, warning that excessive regulation of non-profit organisations could weaken humanitarian efforts without effectively tackling terrorism financing. The appeal was made during the 3rd Africa High-Level Civil Society Anti-Money Laundering and Counter Financing of Terrorism Conference held in Abuja. The conference brought together government officials, anti-money laundering experts, […]