Purpose

The present paper aims to discuss the “money laundering” aspect and related governance practices of third sector, non-government organizations (NGOs). In NGOs globally, foreign contributions are not an old story. But in NGOs, the spotlight on the vulnerability of money laundering in the name of foreign contribution(s) requires special attention. The study highlights the dimension of money laundering in an Indian NGO and related dominance of board leadership about governance issues by way of foreign contribution.

Design/methodology/approach

The present study uses case study method for enlightening the money laundering tussle in a non-government organization and its governance impact on the stakeholders’ interests at large.

Findings

The results stress upon the need for to have strong anti-money laundering practices in non-government organizations in the form of foreign contributions which are still struggling to have a sound governance system in place.

Practical implications

It is of significance to both policymakers and standards setters at the international level in the light of increasing global awareness about anti-money laundering practices of the third sector.

Social implications

There will be an improvement in the corporate management related to money-laundering of these organizations and infuse higher confidence among stakeholders and further lead to their effective regulatory framework.

Originality/value

It is an original paper which highlights the role and significance of money laundering practices in the third sector.

中文翻译：

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洗钱或外国捐款！印度非政府组织的治理精神

目的

本文旨在讨论第三部门非政府组织（NGO）的“洗钱”方面和相关治理实践。在全球的非政府组织中，外国捐款并不是一个古老的故事。但在非政府组织中，需要特别注意以外国捐款名义洗钱的脆弱性。该研究强调了印度非政府组织洗钱的规模以及董事会领导层通过外国捐款在治理问题上的相关主导地位。

设计/方法/方法

本研究使用案例研究方法来启发非政府组织中的洗钱斗争及其治理对利益相关者利益的影响。

发现

结果强调，非政府组织需要以外国捐款的形式开展强有力的反洗钱活动，这些组织仍在努力建立健全的治理体系。

实际影响

鉴于全球对第三部门反洗钱行为的认识不断提高，这对国际层面的政策制定者和标准制定者都具有重要意义。

社会影响

这些组织与洗钱有关的公司管理将得到改善，并增强利益相关者的信心，并进一步导致其有效的监管框架。

原创性/价值

这是一篇原创论文，强调了洗钱行为在第三部门的作用和意义。