Princess Bazley-Bethea's blog

GAO reviews ongoing banking challenges affecting the nonprofit sector

Nonprofit organizations (NPOs) have found themselves increasingly impacted by banking challenges. When dealing with nonprofits with international operations, banks have gone beyond reasonable implementing controls and are implementing their own de-risking measures, making it difficult for NPOs to conduct business. In a misguided response to anti-money laundering and combatting the financing of terror (AML/CFT) concerns, banks are choosing to refuse business, known as de-banking, or drastically slow the transfer of funds of NPOs - even with no evidence of wrongdoing.

Together Project Hosts Solidarity Breakfast

The inaugural year of the Together Project was a success and the members are gearing up to continue growing and advocating on behalf of the most vulnerable organizations in the sector. InterAction launched the Together Project to be a hub of advocacy and solidarity for U.S.-based NGOs that provide vital development and humanitarian relief around the world, and confront discrimination or targeted prejudicial regulations in the U.S.

InterAction’s ‘Together Project’ to Protect Vulnerable NGOs

In January 2017, in partnership with a group of founding members (list below) and supported by leaders across our community, InterAction launched the Together Project. This endeavor represents a hub of advocacy and solidarity for U.S. based NGOs that provide vital development and humanitarian relief around the world and confront discrimination or targeted prejudicial regulations in the U.S. due to their operating principles or religious faith.

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