NP-KYC-001High Risk
identity/KYC
Red Flag
Nonprofit organization opens a bank account but cannot provide a valid IRS determination letter, Form 990 filing history, or board of directors list upon request.
Industry
Nonprofit Organizations
Transaction Type
wire
Customer Type
non-profit
Category
Regulatory Source
Document:FIN-2014-A001 TBML
Type:FinCEN Advisory
CFR Citation:31 CFR §1020.220
SAR Category:Identity verification concerns
FinCEN Key Term:Unregistered Charity
Last Verified:2026-04-15
This red flag is provided for informational and educational purposes only. It is not legal, regulatory, or compliance advice. Always consult the official source document and a qualified compliance professional for guidance specific to your situation.