Over the past several years, access to financial services have become increasingly difficult for civil society organizations that must conduct international financial transactions in order to operate overseas where their work is needed most. Financial institutions may delay, or refuse to make, transfers between organizations. Sometimes, nonprofit organizations (NPOs) are turned away as customers or have their accounts closed. Remittance services that facilitate fund transfers between diaspora populations and their families are threatened by the international banking system’s growing unwillingness to provide these services.
The U.S. government has said that banks should not “de-risk” but that policy has not been translated into concrete action or regulatory standards that remove current disincentives for banks to provide services to international NPOs. As a result, money will be taken out of transparent, regulated channels, making life more difficult for legitimate NPOs and easier for terrorist financiers.
Featured Resources
Charity & Security Network Opposes Legislation that Targets Charities
Washington D.C., - On Nov. 14, 2023, Congressman David Kustoff (R-TN) and Congressman Brad Schnieder (D-IL) introduced H.R. 6408, bipartisan legislation that would “revoke the tax-exempt status for any organization that provides financial support or
India: Stop Abusing Counterterrorism Regulations
Financial Action Task Force Review Should Document Crackdown on Dissent The global terrorism financing and money laundering watchdog, the Financial Action Task Force (FATF), should call on the Indian government to stop prosecuting, intimidating and
Event Summary: The Future of FATF Recommendation 8: for Financial Integrity and for Civil Society
On Sep. 26-27, the Charity and Security Network (C&SN) attended The Future of FATF Recommendation 8: for Financial Integrity and for Civil Society global conference in Bonn, Germany that convened 150 participants including nonprofit
Afghanistan Earthquakes Exacerbates Humanitarian Crises: C&SN Calls for International Support
On Oct. 7, two 6.3 magnitude earthquakes struck the Herat Province in Afghanistan killing 2,445 people, a figure that is expected to rise as search and rescue teams reach further communities. According to eyewitness reports,
C&SN Attends Regional Meeting on Exploring Positive Measures for a Sustainable Solution in Syria
On Jul. 12-13, 2023, the Charity & Security Network (C&SN) attended a regional meeting and working dialogue in Rome hosted by the Carter Center, the Italian Ministry of Foreign Affairs and International Cooperation, and the
C&SN Attends Workshop on the Role of New Technologies in AML/CFT
On Jun. 27-28, 2023, the Charity & Security Network (C&SN) attended a workshop on the role of new technologies in anti-money laundering (AML) and countering the financing of terrorism (CFT) in the Netherlands. The workshop