Better Business Bureau Audits of Muslim Charities No Relief For Banks, Say Analysts

By Brian Monroe

A program aimed at assuring donors that their donations to Muslim charities will not be handed over to terrorists is unlikely to offer any protections to banks, say anti-terrorism consultants and former regulators. The Arlington, Va.-based Council of Better Business Bureaus (BBB) is spearheading an "accreditation initiative" to audit the financial statements of seven unnamed Muslim charities in an effort to foster transparency and aid the charities, which have seen a drop-off in funding thought to be tied to donor concerns. For a charity to pass the vetting process, it must meet 20 standards, including proper board oversight and no...