CRYPTO CURRENCY AND BANK ACCOUNTS 

Section 1: Financial Integrity and Infrastructure

The Global Union of Changemakers shall operate a transparent, secure, and modern financial system that accommodates both traditional banking and digital financial platforms including cryptocurrency to support global inclusivity, innovation, and financial independence.

Section 2: Bank Accounts

1. The organization shall maintain one or more official bank accounts in the name of Global Union of Changemakers, registered in the country of financial hosting or as per international registration requirements.

2. These accounts shall be:

Operated and overseen by the Treasurer/Finance Director,

Jointly signed and authorized by at least two among: the President, Executive Director, and Finance Director.

3. The bank accounts shall be used exclusively for:

Receiving donations, grants, and contributions,

Paying operational and program-related expenses,

Managing staff allowances and approved stipends.

4. A financial statement shall be produced quarterly and annually, reviewed by the Internal Audit Lead, and published for transparency.

Section 3: Cryptocurrency Wallets and Transactions

1. The organization may maintain one or more cryptocurrency wallets for receiving and transacting in digital currencies such as:

USDT and other stable-coins

Or any other legally recognized cryptocurrency.

2. These wallets shall:

Be created under official organizational emails and systems,

Be managed by the Finance Department in collaboration with the IT/System Manager,

Require multi-signature authorization for all outgoing transactions.

3. Cryptocurrency may be used to:

Support global donations from regions where banking is limited,

Facilitate international payments, event sponsorships, and decentralized funding campaigns,

Store digital assets for long-term investments.

Section 4: Risk Management and Legal Compliance

1. All banking and cryptocurrency activities must:

Comply with international anti-money laundering (AML) and know-your-customer (KYC) regulations,

Be subject to internal audits and annual financial review,

Be disclosed in the organization’s financial report to all active leadership members.

2. A dedicated Risk Manager shall work closely with the Legal Advisor to ensure that financial operations are protected from fraud, theft, and reputational risk.

Section 5: Financial Oversight and Reporting

1. All income from both banking and cryptocurrency must be recorded, monitored, and utilized according to the budget approved by the Executive Committee.

2. Any financial irregularity shall be:

Reported immediately to the Executive Director, Legal Advisor, and President,

Investigated by the Internal Audit Lead, and

Subject to disciplinary action where necessary.