Illicit financial flows in charity – Altruist League

Money doesn’t stink?

Philanthropy would seem to have nothing to do with front page stories about blatant theft of public and private money, money laundering, and billions received from operations that undermine faith in humanity. However, the reality is that charities can be directly involved, whether consciously or not, in the vortex of illegal money flows. Without an active policy of absolute financial transparency, effective filtering procedures for donated funds, and a clear stance on the treatment of illicit capital, philanthropy can tarnish its image and undermine the results of its work.What are illicit financial flows?

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