While nonprofit organizations are subject to a host of regulatory requirements at the federal, state and local levels in the U.S., and are regulated in almost every country in the world, they also subject themselves to a wide array of due diligence, oversight and transparency mechanism. In ensuring that nonprofit funds are only spent for nonprofit purposes, the organizations protect themselves from the possibility of terrorist abuse, fraud, theft, and other diversion of assets. Because a nonprofit organization stands to lose the most, these self-imposed measures protect the organization, its donors, programs, partners and beneficiaries. Although there is no uniform set of procedures, measures taken typically include risk assessment, screening vendors against sanctions lists, and internal policies and procedures.
Featured Resources
C&SN Submits Comments for FATF Update to Best Practices Paper on Combatting the Abuse of NPOs
In Oct. 2022, in response to a call for input, the Charity & Security Network (C&SN) submitted comments to the Financial Action Task Force (FATF) as part of FATF’s “project to review and update the
Synopsis: Unpacking Treasury’s 2022 National Strategy for Combatting Terrorist and Other Illicit Financing
By Ashleigh Subramanian-Montgomery On May 13, 2022, the Treasury Department published their 2022 National Strategy for Combatting Terrorist and Other Illicit Financing (2022 Strategy) and accompanying Press Release. The 2022 Strategy aims to enhance the
Unpacking Treasury’s 2022 National Strategy for Combatting Terrorist and Other Illicit Financing
By Ashleigh Subramanian-Montgomery Background On May 13, 2022, the Treasury Department published their 2022 National Strategy for Combatting Terrorist and Other Illicit Financing (2022 Strategy) and accompanying Press Release. The 2022 Strategy aims to enhance
Russia-Ukraine Sanctions, Civil Society Concerns, and What Donors Should Know
This issue brief summarizes some of the recent sanctions imposed in response to the Russian invasion of Ukraine, raises concerns these sanctions pose for civil society organizations operating in Russia and Ukraine, and offers recommendations
Report Summary: Bank De-Risking of Non-Profit Clients
June 23, 2021 A June report by the European Public Interest Law Clinic of New York University Law School in Paris, in cooperation with Human Security Collective (HSC), ABN AMRO and Dentons Netherlands, offers new
C&SN-Commissioned Report Offers Recommendations for NGO Due Diligence and Risk Mitigation
April 12, 2021 In partnership with the London School of Economics and Political Science, a new report commissioned by the Charity & Security Network titled “NGOs’ Due Diligence and Risk Mitigation: A Holistic Approach” takes