Anti-Terrorism Compliance

In-Depth knowledge on Anti-Terrorism Compliance

Hosted by Worldwide Initiatives for Grantmaker Support (WINGS), the session will have representatives of the Spanish Association of Foundations (AEF), the Council on Foundations and the European Foundation Centre (EFC) to talk about what goes on behind the scenes in the successful strategies to promote an enabling environment for civil society and philanthropy to thrive.

At the Council, we believe that FATF is a global regulatory body that too many foundations do not understand, especially as it relates to their cross-border giving and advocacy for improved enabling environments for grantees around the world. We are, therefore, excited to share a recent webinar from the Global NPO Coalition on FATF which provides a good overview for foundations about what FATF is and what the new standard (Recommendation 8) may mean for nonprofit organizations (including foundations) in the U.S. and around the world.

After September 11, 2001, many grantmakers and other charitable organizations that were not previously familiar with the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), learned of its existence. As one of the key U.S. government agencies seeking to shut down terrorism funding around the world, OFAC has focused attention on charities as one mechanism for providing financial support to terrorists. As a result, grantmakers and others have dedicated more time and effort to OFAC compliance.