B26

The FATF definition of International organisations refers to entities established by international treaties that are not treated as resident institutional units of the countries in which they are located. [R1.1][R2.1] The North/South Implementation Bodies were established by an international agreement between the Government of the UK and the Government of Ireland (the British-Irish Agreement) following the 1998 Good Friday Agreement. The North/South Implementation Bodies are exempt from certain taxes and duties that would normally be payable by resident institutional units.[R5.1] For this reason, these bodies have been assessed as meeting the definition.