Charity Commission

The chapter explains charities’ use of formal banking systems when holding, moving and receiving funds in the UK and internationally, as this is a prudent and responsible way to ensure that charity funds are safeguarded.

It also covers the more risky methods of moving funds which charities may sometimes need to use, such as alternative financial systems, including Money Service Businesses, agents using alternative remittance systems, Payment Services, cash couriers, and other charities and NGOs. It has practical advice for trustees on risk management factors and the need for appropriate financial controls and audit trails.