During the june 2022 boardmeeting, we reviewed and approved the 2022 annual report and financial report. We also discussed the outlook over 2023 and the challenges posed by low interest rates and rising costs.
One of the issues we delt with during 2022 was the implementation of the EU Directive “on anti-money laundering and counter-terrorism financing” (AMLD). We are pleased to announce that we have successfully complied with all the requirements and maintained our bank account.
However, we anticipate that some of out network may need liquidity support in 2023 and beyond due to the impact of the EU Directive on their bank accounts and financial services. The directive seems to have unintended consequences for NGO’s like the AEGEE-network across the European Union.
You can find the reports at the FATF Results page