January 07, 2015 - 12:00 PM - 2:00 PM EST

Cross-Border Money Transfers: Key Requirements Every U.S.-Based Nonprofit Needs to Know

This event has already occurred.
Venable LLP and Webinar
575 7th Street, NW
Washington, DC 20004

Cross-Border Money Transfers: Key Requirements Every U.S.-Based Nonprofit Needs to Know

Update: This event has already occurred. Please click above to listen to and view the recorded webinar, click here to view presentation materials from the event, and visit our Venable LLP Nonprofit YouTube channel to listen to and view all of our recorded webinars on nonprofit legal topics.



The expansion of activity – including financial transactions – by U.S.-based nonprofits overseas continues to increase, raising a complex host of U.S. and foreign regulatory, tax, and other issues. These international financial transactions are subject to an array of requirements, which can pose significant risks to U.S.-based nonprofits if not followed. This program – led by two Venable attorneys who work extensively with nonprofit organizations and others in this area – will cover topics such as:

  • Foreign exchange controls
  • Scrutiny of foreign funding of U.S.-based nonprofits; requirements for domestic entities receiving funding from abroad
  • Banking controls and accountability, including challenges to having nonresidents as signatories on local currency bank accounts
  • Cash transaction risks and procedures
  • Office of Foreign Assets Control (OFAC) licensing requirements for U.S.-based nonprofits making payments to persons in foreign countries subject to sanctions
  • Recent sanctions against Russia
  • Taxation and information reporting requirements
  • Transfer pricing issues
  • Differences between local country accounting rules and U.S. accounting rules

For any U.S.-based nonprofit operating overseas, this is a program you will not want to miss.

Speakers
Lindsay B. Meyer, Esq., Co-Managing Partner and Co-Chair of the International Trade Practice, Venable LLP
Charles K. Kolstad, Esq., Counsel, Tax Group, Venable LLP

Schedule
12:00 p.m. – 12:30 p.m. ET – Networking Luncheon
12:30 p.m. – 2:00 p.m. ET – Program/Webinar