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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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.
A new report prepared for the United Nations (UN) Economic & Social Commission for Western Asia looks at the effects of sanctions encountered by those delivering humanitarian aid in Syria.
Under existing U.S. regulations, "there is no general requirement for U.S. depository institutions to conduct due diligence on a [foreign financial institution]'s customers," according to a August 30 fact sheet issued by the U.S.
The United Nations will continue to support Member States in addressing terrorism and violent extremism in line with the principles of the UN Charter and the Universal Declaration of Human Rights, states a July 26 letter from the director of the UN's Counter-Terrorism Centre (UNCCT)/Counter-Terrorism Implementation Task Force (CTITF).
Mohammed El Halabi was subjected to 50 days of administrative detention and interrogation before being indicted by Israel on Aug. 4, 2016. He is charged with diverting funds to Hamas during his tenure as head of World Vision’s Gaza office. His detention and interrogation raise questions about fair procedures in the investigation, transparency and realities of risks for aid groups working in conflict zones, as well as the restrictive legal environment for nonprofit organizations in Israeli law.