A bill introduced by Rep. Ted Poe (R-TX) on April 6, 2017 ( HR 2058), the "Charity Transparency Act," would require U.S. charities and foundations to disclose to the Internal Revenue Service whether any leadership and highly compensated employees have at any time been “implicated in terror finance,” broadly defined as past employment or membership in a group found to be a supporter of terrorism or being named as an unindicted co-conspirator in a “terrorist financing scheme.” It would apply to applications for tax exemption and annual Form 990 returns, both of which are available to the public. In a statement about a similar bill proposed last year, Poe said the purpose is to inform donors. The bill raises serious concerns about guilt by association.
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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.
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In February 2017, the Global NPO Coalition on FATF, learned that it will for the first time have seats on the Financial Action Task Force’s (FATF) Private Consultative Forum (PCF). The PCF is an annual meeting, hosted by FATF, in which it discusses issues affecting nongovernmental entities subject to anti-money laundering and counter-terrorism financing obligations.
Concluding its research into stopping the financing of terrorism, the bipartisan Task Force to Investigate Terrorism Financing of the U.S. House of Representatives's Financial Services Committee has released a report of its findings. Stopping Terror Finance: Securing the U.S. Financial Sector, is the product of 11 hearings over two six-month periods, beginning in April 2015.
A new report, Enhancing Effective Implementation of FATF Standards on Nonprofits: Lessons learnt from mutual evaluation processes, summarizes the main discussion points and recommendations from a September 2016 a meeting with representatives of governments, nonprofit organizations and Financial Action Task Force Secretariat staff.