Risk and Compliance aspects
Open Collective Europe: Grant Eligibility and Risk Assessment Policy
🧭 Introduction
Open Collective Europe (OCE) is committed to supporting initiatives that promote positive social change and a more just world. This policy outlines the criteria used to assess the eligibility of grant proposals and identify potential compliance risks associated with terrorism/extremism financing.
✅ Grant Eligibility Criteria
OCE prioritizes proposals from initiatives that:
Operate in accordance with the law.
Do not support or glorify terrorist groups.
Demonstrate responsible financial management practices, including transparent record-keeping and reporting.
🔍 Compliance Risk Assessment
OCE assesses potential compliance risks associated with grant proposals using the following factors (in order of importance):
Beneficiary Impact: Does the initiative's work demonstrably benefit its target communities?
Public Statements: Does the initiative's public messaging avoid promoting violence or extremism?
Transparency: Does the initiative publish financial statements and reports on its activities?
Legality: Does the initiative's mission and activities align with legal frameworks and international law?
🌍 Contextual Considerations
OCE recognizes the importance of context when evaluating proposals. Due diligence is conducted to understand the specific circumstances and actions of the initiative.
📚 Information Sources
To assess grant proposals, OCE utilizes various information sources, including (in order of importance):
Initiative websites and reports.
Credible news sources and independent research organizations.
United Nations and human rights organization reports.
Government watchlists and sanctions lists.
🚫 Limited Veto Power
OCE reserves the right to propose a veto of a grant proposal if a high compliance risk is identified based on the criteria outlined above. A clear and documented justification will be provided, outlining the specific concerns.
📢 Appeals Process
Initiatives have the right to appeal a veto decision. The appeals process will be clearly communicated to all applicants.
🔄 Policy Review and Revision
This policy is reviewed and revised periodically to ensure its effectiveness and alignment with best practices.
🧩 Conclusion
OCE is committed to balancing the prevention of terrorism financing with the support of legitimate initiatives working towards positive social change. This policy serves as a framework to achieve this objective.
📬 Need Assistance?
Last updated
Was this helpful?