GAO Report Builds Upon CSN Research on Financial Access for Nonprofits

Date: 
September 20, 2018

In a study of implementing partners of U.S. Agency for International Development (USAID) and State Department humanitarian assistance projects in four high-risk countries—Syria, Somalia, Haiti and Kenya—the U.S. Government Accountability Office (GAO) found that most experienced banking access challenges, including denials and delays of fund transfers, problems opening accounts, increased fees and an account closure. Read more

ODI's Study of West Bank and Gaza Civil Society Finds "A Humanitarian Sector in Debt"

Date: 
September 11, 2018

A paper published by the Humanitarian Policy Group of the Overseas Development Institute, A humanitarian sector in debt: Counter-terrorism, bank de-risking and financial access for NGOs in the West Bank and Gaza, reveals the crippling effects that bank derisking has had on local humanitarian and development organizations in the West Bank and Gaza. This study draws on findings from interviews conducted in 2017 - 2018 and investigates the various coping strategies that Palestinian civil society members are using to compensate for lack of financial access and growing debt in a place where humanitarian assistance is crucial.

UNOSC Issues Terror Financing Risk Assessment Guidance

July 31, 2018

A guidance manual issued by the United Nations Office on Drugs and Crime in June 2018 provides a methodology for member states conducting terrorist financing risk assessments. The document, Guidance manual for Member States on terrorist financing risk assessments, notes that terrorist financing needs to be countered in an efficient manner, emphasizing the importance of coordination and cooperation among financial intelligence units, law enforcement entities and intelligence services.
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ODI's Somalia Case Study Looks at Bank Derisking and Humanitarian Actors

Date: 
June 25, 2018

For the local humanitarian sector in Somalia to survive, systemic and structural shifts need to be put in place to ensure transparency within the financial system, and open up channels for financial access for local humanitarian actors, according to a new report from the Overseas Development Institute, The Challenge of Informality: Counter-terrorism, Bank De-risking and Financial Access for Humanitarian Organisations in Somalia. Read more

World Bank Report Examines Decline in Correspondent Bank Relationships

Date: 
May 29, 2018

According to a new report from the World Bank, the effect derisking varies widely from country to country and does not affect broad categories of clients. The report, The Decline in Access to Correspondent Banking Services in Emerging Markets: Trends, Impacts and Solutions, examined the impact of derisking and found the effect at the macro level to be limited. At the same time, impact at the micro level is often intense, with banks losing access to the international financial system. Read more

Panel Discussion: The Impact of Bank De-risiking on Nonprofit Organizations and their Beneficiaries in Conflict Areas

Event Date: 
May 7, 2018

Recording now available

Please join the CSIS Human Rights Initiative, Charity and Security Network, and The Humanitarian Forum for the launch of a series of country case studies on de-risking in conflict zones. During this event, expert panelists will discuss the findings of the country case studies, with a focus on Syria, Yemen, Somalia, and Palestine.

VIEW THE RECORDING

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