Nonprofit Organizations and the Combatting of Terrorism Financing : A Proportionate Response
One of the ways that terrorist organizations raise and transfer funds is by using the fundraising power, and the aura of charitable activity, of nonprofit organizations (NPOs). This article argues that, when discussing the threat and how to address...
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| Format: | Publication |
| Language: | English |
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World Bank
2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000333038_20101116012307 http://hdl.handle.net/10986/2523 http://hdl.handle.net/10986/5926 |
| Summary: | One of the ways that terrorist
organizations raise and transfer funds is by using the
fundraising power, and the aura of charitable activity, of
nonprofit organizations (NPOs). This article argues that,
when discussing the threat and how to address it,
policymakers need to be specific and not paint the whole
sector with the same brush. Virtually all governments
already interact with the NPO sector in one way or another.
These preexisting avenues should be used for dealing with
this issue; it is inefficient and ultimately
counterproductive to devise an entirely new regulatory
framework. The ultimate objective is to enhance the
transparency of the sector to ensure information is
available on the people in charge of NPOs, their sources of
funds, and, particularly, the way those funds are spent.
This aim serves a much wider purpose than just terrorism
financing and touches on many aspects of good governance of
civil society that the sector itself and others have been
debating for a long time. When devising public policy on how
to deal with possible terrorism financing through the
nonprofit sector, the contribution of the NPO sector to
fighting terrorism should be recognized and used to its full
advantage. Moreover, the NPO sector's own stake in
being 'clean,' and being regarded as such by
others, should be acknowledged. NPOs are an indispensable
partner in drawing up such policies. For the same reason,
self-regulation should be considered. |
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