Islamic charity cleared of terror finance links

Islamic charity cleared of terror finance links

British-based charity The International Development Foundation has been cleared of any involvement in the financing of Osama Bin Laden's terrorist campaign.

A seven-month long Charity Commission inquiry, which probed the financial records of the IDF and froze its bank accounts, found that funds were being used for charitable purposes.

Simon Gillespie, director of operations at the Charity Commission, said: ‘Serious allegations of this nature must be investigated thoroughly. We are pleased that we can reassure the charity’s supporters that their donations have been used for charitable purposes.’

However the Commission did find evidence of poor financial record keeping at the charity. Trustees of the IDF have agreed to improve its administration.

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article