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Posts Tagged 'Protect'

We are pleased to present below all posts tagged with 'Protect'. If you still can't find what you are looking for, try using the search box.

Protecting Yourself from Charity Scams and Ensuring Your Donations Make a Difference

Charity scams exploit the goodwill of individuals by posing as legitimate organizations or causes to misappropriate donations for fraudulent purposes. According to the Federal Trade Commission, Americans reported losing over $300 million to charity scams in 2023 alone, a substantial portion of which involved fraudulent charitable appeals​. These scams often arise after natural disasters, global pandemics, or other crises, preying on donors’ emotions and urgency to act. Unfortunately, this fraudulent activity not only impacts victims financially but also erodes trust in legitimate charities, undermining their ability to assist those in need.

Beneficial Ownership Transparency Safeguards Businesses and Global Financial Integrity

Beneficial ownership refers to the individuals who ultimately own, control or benefit from a business or legal entity. This can occur either by exercising substantial control or by holding at least a 25% ownership stake according to GreenBurgTraurig. Unlike nominal ownership, which may only be reflected in official documents, beneficial ownership offers transparency regarding who truly benefits from or directs the entity’s activities. This distinction is crucial in preventing the misuse of legal structures for illicit purposes.

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