C20 Policy Pack
Some members of the Coalition engaged with the just-concluded C20 process led by Saudi Arabia, in particular with the International Financial Architecture Working Group. One of the recommendations made by this group to the G20 includes: 'Reversing the financial exclusion of nonprofit organisations (NPOs) due to risk and cost aversion by banks in complying with anti-money laundering and counterterrorism financing (AML-CTF) laws and regulations, by effective steps by G20 states in collaboration with the Financial Action Task Force (FATF), the Global Partnership for Financial Inclusion (GPFI), the World Bank, and NPOs; resulting in robust sectoral Risk Assessments that lead to targeted, proportionate and effective measures which do not hamper legitimate charitable activity in any way.' (p. 86) For the C20 policy pack, click here.