Accounts managed by charitable organizations to receive donations and manage funds for their activities. Such accounts are often provided with facilities suited to the operational needs of charities, including handling high transaction volumes.
Main/
Charitable Accounts
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Code
PS0052
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Name
Charitable Accounts
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Version
1.0
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Category
Deposit & Account Services
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Created
2025-03-14
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Modified
2025-04-02
Related Techniques
- Criminals use NGO or charity accounts ostensibly designated for building projects (e.g., roads or community infrastructure) to funnel funds into personal or affiliate accounts.
- Exploit a philanthropic facade to evade scrutiny while large sums pass through charitable entities, recorded as legitimate construction expenditures.
- Criminals set up fake foundations or NGOs purportedly for agricultural or rural development, funneling illicit assets as 'charitable donations.'
- These accounts can mask beneficial ownership and layer funds under the guise of philanthropy, complicating AML tracking.
- Illicit funds are deposited into accounts designated for nonprofit activities, commingling dirty money with legitimate contributions.
- Criminals reroute or slowly siphon funds under philanthropic pretenses, obscuring the ultimate beneficiary and complicating standard KYC measures.
- Nonprofit educational entities use dedicated charitable accounts to receive large transaction volumes under the veneer of donations, fees, or grants.
- Perceived legitimacy of nonprofit status deters deeper scrutiny, enabling the commingling of tainted proceeds with legitimate funds.
- Offenders open or control accounts under charitable status and label incoming illicit proceeds as philanthropic gifts.
- This deception helps mask the authentic origins of the funds, presenting them as genuine donations while escaping stricter scrutiny.
- Criminals funnel illicit funds into charitable accounts under the guise of philanthropic donations.
- They provide minimal or falsified evidence of legitimate charitable activities, benefiting from reduced scrutiny associated with charitable giving.
- By exploiting the presumption of good faith for such accounts, offenders conceal the true illicit source of funds in remittance transactions.
- Open purported children’s charity accounts used for depositing and withdrawing exploitation profits.
- Exploit the perceived legitimacy of non-profits to avoid rigorous AML scrutiny and disguise illicit transactions as donations.