Treasury Guidelines Comment Period Over Feb. 1
by Guest Blogger, 1/31/2006
On February 1, the U.S. Department of the Treasury’s public
comment period on the revised set of voluntary anti-terrorism financing
guidelines ends.Â
title="http://www.treasury.gov/offices/enforcement/key-issues/protecting/charities-intro.shtml"
href="http://www.treasury.gov/offices/enforcement/key-issues/protecting/charities-intro.shtml">Click
here to submit comments directly to the Treasury Department
On
December 5, 2005, the Treasury Department 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.Â
title="http://www.treasury.gov/offices/enforcement/key-issues/protecting/charities-intro.shtml"
href="http://www.treasury.gov/offices/enforcement/key-issues/protecting/charities-intro.shtml">Read
the new guidelines.Â
While effective immediately,
the revised guidelines are open for public comment until February 1,
2006. 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. Â A number of organizations have been
critical of key aspects of the original Treasury anti-terrorist
financing guidelines since they were first issued. In April 2004, a group of more than 40 organizations called the
Treasury Guidelines Working Group, began developing a response to
the guidelines that is more realistic and appropriate for the sector.
The resulting "Principles of International Charity" was submitted to
the Treasury Department in March 2005.
title="http://www.cof.org/files/Documents/International_Programs/2005Publications/Principles_Final.pdf"
href="http://www.cof.org/files/Documents/International_Programs/2005Publications/Principles_Final.pdf">Read
the Principles of International Charity.Â
