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The Charity and Security Network monitors U.S. and foreign government activities and a wide range of news sources to identify developments in national security policy that impact civil society and nonprofit organizations. We collect and disseminate relevant information on our website, via our Twitter and Facebook accounts, and through our biweekly email newsletter, which contains links to a variety of news articles. To read the most recent issues of our email newsletter or to subscribe, click here

Our staff also creates news pieces on events and developments of particular interest to our members that are not covered in other news outlets. Those stories can be found below, in revese chronological order. 

FATF Releases New Evaluation of U.S. - Nonprofit Recommendation Addressed

Date: 
December 2, 2016
Author: 

The Financial Action Task Force (FATF) released the results of its Mutual Evaluation of the United States on Dec. 1, 2016, assessing compliance with its 40 anti-terrorist financing and anti-money laundering standards, including Recommendation 8 (R8) on nonprofit organizations (NPOs). Key comments are below.

FATF Issues Guidance on Correspondent Banking Services

Date: 
October 21, 2016

In a guidance document issued October 21, 2016, the Financial Action Task Force (FATF) advises financial institutions that may terminate or restrict business relationships with entire countries or classes of customer in order to avoid, rather than manage, risks in line with the FATF’s risk-based approach (RBA), a practice known as de-risking. Although the guidance is focused on correspondent banking and does not address the financial access plight of nonprofit organizations (NPOs), it does have implications for NPOs' ability to access banking services. 

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