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ARTICLE · 22 MARCH 2006

Tax Client Alert, March 2006

On December 5, 2005, the Treasury Department released its revised proposed Anti-Terrorist Financing Guidelines1 (the “Revised Guidelines”), which set forth voluntary best practices for charities based in the United States. The original proposed guidelines, released in 2002, were revised to reflect ongoing dialogue with government authorities and the charitable sector. Comments on the Revised Guidelines, which will be considered in the process of finalizing the guidelines, were accepted until Feb

United StatesTax
Michael I. Sanders
Michael I. Sanders

Treasury Department Releases Revised Voluntary Anti-Terrorist Financing Best Practices For U.S.-Based Charities 

On December 5, 2005, the Treasury Department released its revised proposed Anti-Terrorist Financing Guidelines1 (the "Revised Guidelines"), which set forth voluntary best practices for charities based in the United States. The original proposed guidelines, released in 2002, were revised to reflect ongoing dialogue with government authorities and the charitable sector. Comments on the Revised Guidelines, which will be considered in the process of finalizing the guidelines, were accepted until February 1, 2006. The Revised Guidelines include guidance for U.S.-based charities regarding:

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