The Private sector Consultative Forum is, as the FATF notes: ‘an opportunity for the FATF and its members to engage directly with the private sector on anti-money laundering and counter terrorist financing (AML/CFT) issues. It provides a regular platform for the FATF to learn more about the private sector’s views and concerns of AML/CFT-related issues’.

In February 2017, the Global NPO Coalition on FATF was offered four seats on the Financial Action Task Force’s (FATF) Private Sector Consultative Forum (PSCF). This development signals a key victory in the Global Coalition’s advocacy with FATF, assuring that nonprofit organisations (NPOs) will now have a stronger voice in these important meetings (along with the transparency NPOs who already have two seats).

FATF hosts an annual PSCF meeting, which allows the multilateral body to ‘learn more about the private sector perspective of certain AML/CFT requirements, while the private sector can use this forum to raise issues with the FATF’.

The four slots allotted are currently filled by Human Security Collective (HSC) as co-chair of the Global NPO Coalition on FATF, the European Center for Not-for-Profit Law (ECNL) on behalf of the ICNL Alliance, the European Foundation Centre (EFC) on behalf of the Worldwide Initiative for Grantmaker Support (WINGS), and the Norwegian Refugee Council as a representative of service delivery/humanitarian assistance organisations.

2019:

The 2019 PSCF took place in Vienna on 6 and 7 May. Apart from the Global NPO Coalition representation across the two days, a number of additional Global NPO Coalition members from across the world attended the FATF NPO consultation on  Terrorism Financing Risk Assessment Guidance on May 6, making strong and relevant contributions to the topic. The Global NPO Coalition also submitted written comments to the FATF, which will hopefully be taken into account when preparing the Guidance.
For the FATF report of the event, see here. For the notes of our four members, who attended the entire PSCF, see here

2018:

The 2018 PSCF was held on 23 and 24 April in Vienna. The Global NPO Coalition on FATF took part in sessions with FIs and DNFBPs, discussing how they could better provide input to the risk assessment and mutual evaluation processes. The progress made and challenges remaining on the de-risking issue was one of topics on the following day to which the Global NPO Coalition also contributed. See here for the presentation.
For the FATF report of the event, see here.

2017:

For the report of the PSCF held in Vienna between the 20th and 22nd of March, including the daylong workshop around NPOs, see here.
The Global NPO Coalition on FATF also organised a day-long breakout session on the evaluation and risk assessment processes, chaired by the FATF Secretariat, and including multiple stakeholders representing a wide range of NPOs from across the globe,  governments, FATF Style Regional Bodies, banks, etc. The importance of involving NPOs early on in the evaluation process was emphasised, and also the need to engage with and collaborate with NPOs on a sustained basis. For a report on the meeting, including the NPO breakout session, see here.