Counterterrorism & Due Diligence Policy

Counterterrorism and Due Diligence Policy

Use of Contributions by Recipients

In furtherance of its exemption by contributions to other organizations, domestic or foreign, the corporation shall stipulate how the funds will be used and shall require the recipient to provide the corporation with detailed records and financial proof of how the funds were utilized.

Although adherence and compliance with the U.S. Department of the Treasury’s publication the “Voluntary Best Practices for U.S.-Based Charities” is not mandatory, the corporation willfully and voluntarily recognizes and puts to practice these guidelines and suggestions to reduce, develop, re-evaluate, and strengthen a risk-based approach to guard against the threat of diversion of charitable funds or exploitation of charitable activity by terrorist organizations and their support networks.

The corporation shall also comply and put into practice the federal guidelines, suggestion, laws and limitation set forth by pre-existing U.S. legal requirements related to combating terrorist financing, which include, but are not limited to, various sanctions programs administered by the Office of Foreign Assets Control (OFAC) in regard to its foreign activities.

- Section 9.01 of The Food Brigade Inc. Bylaws adopted 11/18/20