U.S. Department of the Treasury Anti-Terrorist Financing Guidelines: Voluntary Best Practices for U.S.-Based Charities

Dec 01, 2005
  • Description

On 5 December 2005, the U.S. Department of the Treasury issued a revised set of voluntary anti-terrorism financing guidelines to assist charitable organizations in complying with Executive Order 13224 and the USA Patriot Act following 9/11. The revised guidelines replace the "U.S. Department of the Treasury Anti-Terrorist Financing Guidelines: Voluntary Best Practices for U.S. Based Charities" issued in November 2002. While they are effective immediately, the new guidelines will be open for public comment until February 1, 2006. Affected grantmakers in the U.S. were critical of key aspects of the original Treasury anti-terrorist financing guidelines. In April, 2004, a Council on Foundations-led Treasury Guidelines Working Group of more than 40 charitable organizations and advisors began developing a response to the guidelines that they consider more realistic and appropriate for the sector. The resulting "Principles of International Charity" [ID 760] was submitted to the Treasury Department in March 2005.