ILLICIT CASH Act Introduced in Senate
After circulating a discussion draft for several months, the Senate introduced its version of a Bank Secrecy Act bill with the ILLICIT CASH Act (S. 2563) on September 26, 2019. Congressional efforts to update
U.S. Asks Court to Dismiss TZAC v. Oxfam GB
The U.S. Attorney for the Southern District of New York moved to dismiss the Zionist Advocacy Center’s (TZAC) False Claims Act suit against Oxfam GB on Oct. 18, 2019. Since The Zionist Advocacy Center (TZAC)
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
Charity & Security Network Announces Leadership Transition
Plan Expands Capacity and Maintains Continuity The Charity & Security Network (C&SN) announced today that Kay Guinane, its founder and Executive Director, will transition from her current position and assume the role of part-time Senior
New EO on Terrorist Listings Could Worsen Bank Derisking
A new Executive Order (EO) signed by President Trump on September 10, 2019, specifically targets correspondent bank relationships as possible sources of terrorist financing. The new order, which gives U.S. Treasury’s Office of Foreign Asset Control (OFAC)
Proposed UN Terrorist Designation Lacking Humanitarian Protection Rejected
The Charity & Security Network (C&SN), in partnership with the Alliance for Peacebuilding (AfP) and 11 other member organizations, sent a letter to U.S. officials urging defeat of Kenya’s proposal to designate Al-Shabaab a terrorist