Check the text of the #AML regulation “before and after”: you see that provisions which defended #crowdfunding efforts for civil society organisations and supported by the European Parliament in April 2023 were deleted during the #Trilogue.
This unreasonable and disproportionate expansion, without any exceptions, in effect, devastates fundraising efforts for activists and NGOs like Open Dialogue Foundation. In times of crisis, such as natural disasters, military conflicts, like the latest in #Ukraine, or emergencies, crowdfunding becomes a rapid and effective means for civil society to gather resources.
The proposed expansion of the AMLR to categorize all crowdfunding platforms as risky channels echoes existing de-risking practices that have already shown devastating impacts on vital humanitarian efforts. 2/5 