Risk and Compliance aspects
Open Collective Europe: Grant Eligibility and Risk Assessment Policy
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Open Collective Europe: Grant Eligibility and Risk Assessment Policy
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.
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.
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?
OCE recognizes the importance of context when evaluating proposals. Due diligence is conducted to understand the specific circumstances and actions of the initiative.
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.
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.
Initiatives have the right to appeal a veto decision. The appeals process will be clearly communicated to all applicants.
This policy is reviewed and revised periodically to ensure its effectiveness and alignment with best practices.
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.
For questions or further information regarding risk and compliance aspects, please contact us at oce@opencollective.com.
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