De-risking blocks access to finance for non-profit organizations doing important Peacebuilding and humanitarian work because of a mistaken idea that they pose anti-Money Laundering/combating the financing of terrorism risks. We are working to find ways to bring down due diligence costs of non-profit organizations for financial institutions, and to ensure they maintain their access to financial services: http://wrld.bg/XMGs309pCjd
De-risking impedes access to finance for non-profit organizations
If you’ve opened a bank account in the last few years, you likely had to answer a bunch of more or less intrusive questions about yourself, your background and why you wanted to open the account. Annoying, but part and parcel of Anti-Money Laundering/Combating the Financing of Terrorism (“AML/CFT”)…
