Thursday, March 15, 2007

In Asia » Blog Archive » The Wrong Approach to Stopping Terrorist Financing

In Asia » Blog Archive » The Wrong Approach to Stopping Terrorist Financing: "n March 2005 and again in December 2006, a broadly-representative Working Group organized by the Council on Foundations called for the formal withdrawal of the Treasury Guidelines and for Treasury to endorse the Principles of International Charity – produced by the Working Group – instead. Principles is a compendium and commentary on existing U.S. laws and regulations that have effectively guided the international charitable work of American foundations for many years.

Why eliminate the Treasury Guidelines? There are at least three concrete reasons.

First, the Guidelines significantly exaggerate the extent to which U.S. charities have served as a source of terrorist funding."

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