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InsideNGO 2016 Annual Conference: Achieving Global Impact

TU16 - Banking & Regulatory Pressures for NGOs: Untangling FATF Recommendation 8 & the KYC Challenge

Jul 12, 2016 3:00pm ‐ Jul 12, 2016 4:00pm


As corporate treasurers and financial managers struggle to meet frequent requests for Know Your Customer (KYC) documents, they rarely take the time to push back and ask their banks why they are requesting them. This session guides attendees through regulations combating money laundering and the process of KYC requests to help you get a better understanding of what is happening and how to resolve the challenges. An InsideNGO member will share the challenges his organization faces regarding FATF (Financial Action Task Force) Recommendation 8 (the nonprofit organization standard) and KYC requests and how they are impacting the workload. As regulations governing KYC continue to grow, take away a better understanding of what these regulations are and how you can work with banks to limit the impact on your business.


Tags: Finance

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