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.

Feature Resources

C&SN Report on Financial Access for U.S. Nonprofits Reveals Broad Scope of Problem
Issue Brief: Financial Access for Nonprofit Organizations
Charity & Security Network Announces New Guidance for Banking Nonprofit Organizations

BSA Reform Bill Clears House Committee

May 28th, 2019|

A bill designed to update the Bank Secrecy Act for the first time since the PATRIOT Act was passed contains two provisions that could benefit nonprofit organizations (NPOs) struggling with access to financial services. The

Derisking Conference Report Identifies Priority Measures

January 17th, 2019|

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

C&SN Submits Comments on Community Reinvestment Act

October 13th, 2018|

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

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