USAID Revises Grantee Documents Relating to Anti-Terrorism Requirements
New changes to two documents related to USAID’s contract and certification process have reduced the “look-back” period from 10 to three years, and clarified that grantees need only check U.S. government and UN terrorist lists
Congressional Letters Seek Answers on Derisking
Two letters sent from 18 members of Congress on April 22, 2020, ask three of the nations largest banks and four federal regulators to answer a series of questions about nonprofit organizations' financial access difficulties,
GAO Asks Banking Agencies to Revise Regulations to Address Derisking
The U.S. Government Accountability Office (GAO) is reminding the Federal Deposit Insurance Corporation (FDIC) and the Board of Governors of the Federal Reserve System (Federal Reserve) that it should undertake a review of Bank Secrecy
70+ Nonprofit Organizations Call on Administration to Lift Sanctions to Save Lives During Pandemic
The Charity & Security Network joined over 70 organizations in an April 23, 2020 letter to President Donald Trump, Secretary of Treasury Steve Mnuchin and Secretary of State Mike Pompeo calling for relief from sanctions
C&SN Pens Open Letter to FFIEC on Bank Examination Manual
Following a significant delay in the update of the nonprofit organization (NPO) sections of the Federal Financial Institutions Examination Council's (FFEIC) Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual), and in light of the urgent
FFIEC Issues Partial Update to Bank Examination Manual
On April 15, 2020, the Federal Financial Institutions Examination Council issued an partial update to the Bank Secrecy Act/Anti-Money Laundering (BSA/AML) Examination Manual (Manual), revising the introductory sections of what has become known as the