Examining counter-terrorism impact on charity banking

The government is to convene a working group to look at the implications of counter terrorism legislation on the funding and delivery of humanitarian assistance, including the closing of charity bank accounts. The working group will include charities and NGOs as well as members of the banking sector and key government departments.

As reported by Civil Society News, the Treasury’s key aim is to build a shared understanding of the specific contexts in which NGOs operate, and concerns regarding funding flows.

This follows the the Financial Action Task Force on Money Laundering (FATF), the international body that combats terrorist financial abuse around the world, revising a policy that had assumed that international charities were at high risk of being used to finance terrorism. See the FATF Recommendations page for the full revisions – the June 2016 revision clarifies “that not all NPOs are high risk”.