RealNews

Charities Balk at Government Guidelines

The government is advising charities how to ensure that their money doesn’t end up financing foreign terrorists, but many nonprofit groups say the guidelines are more of a headache than a help. The charities say they already track their overseas aid and aren’t equipped for the kinds of investigations the Treasury Department recommends, such as being sure a foreign grant recipient avoids banking with institutions “licensed in a jurisdiction that lacks adequate anti-money-laundering controls.” “In many situations where the need is greatest, for example, there is no banking system,” said Peter Shiras, a senior vice president of Independent Sector. “Oftentimes you have to provide assistance in cash.” Full Story

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