Compliance for Non-Profit Organizations

In today’s global marketplace, operating a charitable organization can be fraught with risk. U.S. charities have an obligation under Executive Order 13224 to demonstrate that any foreign recipient organization to which they donate does not appear on any terrorist or money laundering list of the U.S. Government, including the OFAC Specially Designated Nationals List (SDN).

To ensure that funds provided by your charity are not ultimately distributed to terrorist organizations, you should require the foreign recipient organization to undertake reasonable steps. In addition, your charity should determine that the foreign recipient organization is banked by a reputable institution not involved in money laundering or from an area that lacks adequate anti-money laundering controls.

Increase your protection from fraud. Know your customers and reduce your risk. To learn more OFAC compliance for your charitable organization, call us at 888.494.8449.