Unintended Consequences: How AML Standards Impact Nonprofits and Financial Inclusion
In this episode of AML Conversations, John Byrne speaks with Thalia Malmberg and Sangeeta Goswami from the Human Security Collective about the ripple effects of global AML/CFT frameworks on nonprofit organizations. The discussion explores FATF Recommendation 8, recent revisions aimed at reducing harm, and the challenges of striking a balance between security and financial inclusion. Learn why unintended consequences matter, how they affect humanitarian efforts worldwide, and what financial institutions can do to foster risk-based approaches without stifling legitimate charitable work.
Start 0:00
0:07 AML Responsibilities and Consequences: A Panel Discussion
1:33 Impact of Post- 911 Security Frameworks on NGOs and the Role of Human Security Collective
7:17 Impact of Terrorism Financing Recommendations on Nonprofit Organizations
9:55 Unintended Consequences of Fatf Standards Implementation and the Path to Zero Harm
11:46 Impact of Regulatory Changes on Nonprofit Sector
17:54 Global Practices for Inclusion and Oversight in Non-Profit Organizations
20:14 Global Impact of Political Chaos: A Comparison between the US and EU
23:12 Terrorism Financing, Anti-Corruption, and the Role of Financial Institutions
30:15 Cybersecurity and Anti-Terrorism Measures
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