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. » Continue reading news item ... “Examining counter-terrorism impact on charity banking”

Getting the right charity bank account

Scotland’s Third Force News has a comparison chart to answer the question “What’s the best bank account for your charity?”.

There’s a graphical version on Third Force News itself, with a text based format on SCVO’s pages.

TFN also extracts five top tips on choosing a bank from ‘Banking for charities’ published a few months ago by the Scottish charity regulator OSCR (VoluntaryNews covered this in March). » Continue reading news item ... “Getting the right charity bank account”

Charity regulators’ advice on banking, online extortion

Scottish banking advice for charities

New guidance to support charities with their banking arrangements has been produced by the Scottish  charity regulator.

OSCR has worked with the British Bankers’ Association, the Charity Finance Group and others. While the guidance builds on an existing BBA leaflet for England and Wales, this has a specifically Scottish focus. Aimed at charity trustees and managers, it provides key information on banking, including choosing and opening the right bank account, understanding banking charges and fees, and how to switch accounts. » Continue reading news item ... “Charity regulators’ advice on banking, online extortion”

Understanding charity banking and payments systems

Charity Finance Group is conducting a short survey on charities’ experiences of banking and payments systems.

Having access to the right financial services and payment systems is critical for the work of the sector. The survey is an attempt to understand the services and institutions that charities are using and whether there are key issues that need to be addressed. All responses will be treated anonymously. » Continue reading news item ... “Understanding charity banking and payments systems”

Banking services and charities in high risk areas

Charity Finance Group is the latest organisation to report on the problems created by banks becoming more risk averse, with charities losing services due to “disproportionate actions”.

Civil Society News has the article ‘Charities must be more proactive with banks and improve relationships to avoid de-risking, says CFG’.

CFG’s ‘Briefing: Impact of banks de-risking on Not for Profit Organisations’ can be downloaded (pdf 524KB) via http://www.cfg.org.uk/Policy/banking/bank-de-risking.aspx » Continue reading news item ... “Banking services and charities in high risk areas”

Proportionality needed on aid and counter-terrorism

British humanitarian organisations seeking to provide aid in high-risk conflict zones have had to cope with the “overly risk-averse action” of banks, mainly caused by lack of guidance from the government around counter-terrorism law.

This is the subject of a new report from the Humanitarian Policy Group of the Overseas Development Institute. It looks at the issue from the perspective of aid agencies, banks, the UK government and the Charity Commission, and reveals how each has, in some way, contributed to the problem, and how they must work together to address it. » Continue reading news item ... “Proportionality needed on aid and counter-terrorism”