House-Passed Bill Orders Report on Derisking
The U.S. House of Representatives on October 25, 2019, passed a bill designed to update the Bank Secrecy Act for the first time since the PATRIOT Act. The bill contains report language that could add
Task Force on Humanitarian Access Releases Recommendations, Report
The Task Force on Humanitarian Access, co-chaired by Senators Cory Booker (D-NJ) and Todd Young (R-IN), released Denial, Delay, Diversion: Tackling Access Challenges in an Evolving Humanitarian Landscape on Sept. 18. The Task Force, launched by the Center
Banks can manage antilaundering risk from charities, ‘derisking’ of sector must stop, experts say
Brett Wolf, Regulatory Intelligence reporter at Thompson Reuters Accelus, writes about Banking for Nonprofits - The Way Forward, a recent publication from the Consortium for Financial Access, which the Charity & Security Network (C&SN) is a member of. Andrea
Letter to Senators: Help International Charities Facing Problems with Banking Services
Congressional efforts to update the Bank Secrecy Act could help nonprofit organizations (NPOs) that face increasingly urgent problems with transferring funds across borders. Four Senators have circulated a discussion draft ILLICIT CASH ACT that includes provisions
The Queen’s Speech
Bank derisking, one of the most significant threats to non-profit organizations (NPOs) and non-governmental organizations (NGOs), just got a publicity boost by none other than Queen Máxima of the Netherlands, who also serves as
Webinar – Tips for Successful Banking Relationships for NPOs
On June 25, 2019 authors of the recently-published guidance document “Banking NPOs - The Way Forward”, Andrea Hall and John Byrne, spoke with Charity & Security Network's Kay Guinane about their publication and tips for banking
Charity & Security Network Announces New Guidance for Banking Nonprofit Organizations
As a key partner of the Consortium for Financial Access the Charity & Security Network is pleased to announce the release of a new guidance document, Banking Nonprofit Organizations – The Way Forward. The nonprofit sector provides
Derisking Conference Report Identifies Priority Measures
Interfering with the financial access of nonprofits operations designed to address post-conflict reconstruction or counter violent extremism "may in fact hinder other components of counterterrorism efforts," states a new conference report generated from a UK-Swiss
CGD Report Takes Stock of the Current State of Derisking
Over the past three years, progress has been made with the problem of derisking and the situation has stabilized so that no country is at risk of losing access to international payments services. At the
C&SN Submits Comments on Community Reinvestment Act
In comments submitted to the Office of the Comptroller of the Currency (OCC), Charity & Security Network urges the agency to use the Community Reinvestment Act (CRA) as a vehicle for incentivizing banks to provide financial services