Opportunities abound for U.S. grantmakers to make a positive difference around the globe. Funders, however, need to be aware of important U.S. regulatory requirements, particularly those pertaining to anti-terrorist financing, governing international grantmaking.
Many internationally engaged U.S. foundations, donor-advised funds, and corporations are not fully aware of anti-terrorist financing regulations, nor of the correct steps to follow, and the potential consequences of not following mandated steps. In addition to adverse publicity and damage to a foundation or company's reputation, these consequences can include asset freezing, civil penalties, the loss of 501(c)(3) status, and even criminal prosecution.
Cross-Border Philanthropy and Counterterrorism Regulations: Guidance for U.S. Grantmakers examines the relevant regulations and U.S. agencies responsible for enforcing them; discusses the consequences of noncompliance; provides recommendations on how best to reduce the risks of diverting funds; and identifies key resources to help grantmakers stay on the right side of anti-terrorism laws.