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de-risking of charity

Question asked by julianacastanedaturner on Jun 4, 2018
Latest reply on Jun 5, 2018 by robin.burdick



We recently got a letter from the Bank of America that they are closing down our account. We researched why this is happening and came across this article: 


It seems that because our sanctuary is located in Colombia, even though our nonprofit is registered in the US, the bank is listing us as a high-risk company. 


I was wondering if you have any advice on what we can do about this? 


We run this non-profit very carefully and use the funds responsibly and this is very inconvenient. It is now the 2nd time this has happened and we need to find a solution to stop this.