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Management & Organisation
F.F.F.

EFAA Issues Call to Action: SMPs Supporting Creation of the Sustainable Economy

EFAA believes that sustainability presents an opportunity and challenge to SMPs. Accordingly we have issued a Call to Action: SMPs Supporting Creation of the Sustainable Economy in which we stress the opportunities – to prepare sustainability reports, to provide assurance on such reports and to advise SMEs on their transition to a sustainable business model – as well as the challenges of building the capacity...
F.F.F.

Guidance on Proliferation Financing Risk Assessment and Mitigation

The FATF recently revised its Standards (R.1 and INR.1) to require countries, financial institutions, designated non-financial businesses and professions (DNFBPs) and virtual asset service providers (VASPs) to identify, assess, understand and mitigate their proliferation financing risks. The FATF Guidance on Proliferation Financing Risk Assessment and Mitigation will help countries, financial institutions, DNFBPs and VASPs effectively implement these new FATF requirements, introduced in October 2020. The...
F.F.F.

Road to digital: what are the obstacles for SMEs and SMPs?

The need for SMEs to digitalise is more pressing than ever. The COVID pandemic has reinforced the case for SME digitalisation by showing how digitalised business models can foster SMEs’ resilience. Digitalisation helps to diversify the business model, improve efficiency and foster competition with SME peers and larger companies. Digitalisation also enables innovation, and new and unique services design that allow companies to grow and...