Financial Wrongdoing Policy
ACFID members are entrusted with funds from their donors in order to make a positive difference in the world. With this trust comes an obligation to use best efforts to ensure that funds are managed carefully and are directed towards the purposes for which they have been given. Unfortunately, the environments in which ACFID members work often carry with them a risk that other parties will seek to divert these resources from their stated goals. These risks encompass:
- fraud,
- corruption including bribery,
- money-laundering,
- terrorism financing, and
- violation of sanctions
(referred to collectively in this guide as financial wrongdoing). These are further explained at Section F: Definitions. More broadly, elements of financial wrongdoing can also include actions to gain non-monetary benefits such as power, status, control or information. For example, the diversion of medical equipment by a member of Government to his or her electorate in order to gain votes and maintain power.
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Members should be cognisant of the risk of financial wrongdoing as they undertake their operations, and put in place policies and practice to prevent, manage and learn from financial wrongdoing incidents.