How banks’ aversion to risk is hindering peacebuilding and humanitarian work

By: Conciliation Resources | Jun-22 | Blog

 

 

Bank accounts blocked. Financial transfers suspended so cash has to be carried in hand. Charities forced to change names to sound less “risky”. These are some of the ways some humanitarian, peacebuilding and development charities working in areas affected by conflict have been impacted by banks’ growing aversion to risk. Banks’ concerns are well-grounded: they must comply with counter-terrorism and money laundering laws. But how do we balance these concerns so that they do not hinder the critical work of peacebuilding and humanitarian NGOs?

 

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