European Commission draft guidelines that would insist on the registration of
all non-profit organisations, to guard against abuse by terrorist groups, have
been criticised by the London-based Institute of Chartered Secretaries and
The ICSA has warned that the guidelines, also suggesting charities have
‘know-your-donor’ policies, could be excessively over bureaucratic.
The institute recommends significant redrafting, maybe splitting the
guidelines into sections on transparency and accountability; plus preventing
terrorists and other criminals exploiting charities.
Without this, there is a ‘risk of overburdening the sector’ and hampering the
effectiveness of the guidelines, the institute said. It also challenged the
assumption that charities and non-profit organisations are particularly at risk
of being exploited by terror groups, saying there was ‘no evidence’ to justify
The European Fundraising Association said the proposals could help the
ongoing drafting of a global code of ethics for fundraising, which will address
the issue of terrorist financing.
Plans to tackle criminals defrauding London’s councils have taken a major step forward with the appointment of CIPFA to provide data analytics for the London Counter Fraud Hu
Government services will be decimated if proposed reforms to IR35 in the public sector go ahead, a study has warned
CIPFA and EY form partnership to produce fully compliant accounts for local authorities
Head of editorial Kevin Reed discusses this week's important accountancy news, including Brexit and audit market evolution