order. Sec. 403. Beneficial ownership studies. TITLE V—Strengthening the ability of the Securities and Exchange Commission to pursue violations of the securities laws Sec. 501. Short title. Sec. 502. Investigations and prosecutions of violations of the securities laws. 2. Findings and purposes (a) Findings Congress finds the following: (1) The practice known as bank de-risking, whereby financial institutions avoid rather than manage anti-money-laundering and countering-the-financing-of-terrorism sanctions compliance risk, has negatively impacted the ability of nonprofit organizations to conduct lifesaving activities around the globe. (2) Two-thirds of nonprofit organizations based in the United States with international activities face difficulties with financial access, most commonly the inability to send funds internationally through transparent, regulated financial channels. (3) Without access to timely and predictable banking services, nonprofit organizations cannot carry out essential humanitarian activities that literally can mean life or death to affected communities. (4) De-risking ultimately drives money into less transparent channels through carrying of cash or use of unlicensed or unregistered money service remitters, thus reducing transparency and traceability, which are critical for financial integrity, and increases the risk of money falling into the wrong hands. (5) Federal agencies must work to address de-risking through establishment of guidance enabling financial institutions to bank nonprofit organizations and promoting focused and proportionate measures consistent with a risk-based approach. (6) The Federal Government should work cooperatively with other donor states to promote a multi-stakeholder approach to risk-sharing among governments, financial institutions, and nonprofit organizations. (b) Purposes The purposes of this Act are— (1) to improve coordination among the agencies tasked with administering anti-money-laundering and countering-the-financing-of-terrorism requirements, the