Civic space and human rights have been under assault across the world, and, in some settings, regulations related to anti-money laundering and/or combating the financing of terrorism (AML/CFT) have played a major role in legitimising and providing justification for these measures at the domestic level. The Financial Action Task Force’s (FATF) law and policymaking processes do not provide any meaningful transparency or opportunities for civil society engagement, neither at the domestic, nor at the international level. With little input from human rights organisations and experts, the “counter-risks” of abuse and misappropriation for AML/CFT regulations only increase. Measures taken under the guise of AML/CFT regulations include heavy restrictions on civil society organisations’ (CSOs) ability to register, operate, and access resources, as well as direct measures against specific CSOs, such as audits, investigations, prosecution, de-registration, closure and expulsion.