I think that the Watchtower is going to have a lot of explaining to do. And, I also think that the Watchtower has been preparing for this investigation for a while.
Another thread some time back discussed Britain WT financial statements and there is some interesting information in them.
The financial statements are linked on this thread:
http://www.jehovahs-witness.com/topic/6570610863898624/charity-does-engage-fund-raising
I have taken some information from the returns, just picking out some key points. Lots of blah blah blah to get through. I will select some tidbits to share that I found interesting.
This is from the 2013 report:
Wider network
Watch Tower Bible and Tract Society of Britain (the Society) works closely with International Bible Students Association (IBSA), which provides it with serviced facilities for its charitable activities. The Society has also continued to work closely with a charity in Germany. Other charities with similar objects exist in many countries around the world.
And what the WT does for grant making (giving money away):
Grantmaking
The charity's grant making policy is as follows: From time to time the charity is asked by the Governing Body of Jehovah's Witnesses to consider helping Jehovah's Witnesses in countries where a need exists.
And how they define their charitable activities and how much they spent in 2013 on 'charity':
Charitable activities - Making donations to further religious education overseas
During the year the charity continued to provide material and financial assistance to associations of Jehovah's Witnesses in several countries. The aid, over £15m in total, was given to promote missionary activity, to support general costs of the local association, and to assist in the operation of local congregations of Jehovah's Witnesses. Additionally, literature with a value of over £3.2m was donated overseas, mainly to Africa, for use in advancing religious education.
This is interesting and would require some skill to turn a profit simply by the transferring of funds between countries:
Foreign exchange gains and losses
Foreign currency balances have been translated at the prevailing rate on the balance sheet date. Income and expenditures during the year have been translated at the prevailing rate on the day of the transaction. Gains and losses arise when foreign currency assets change in value between their purchase and the balance sheet date.
And how does the WT decide where to send the money and to who?
Grants payable
Grants payable to other institutions are recognized at the point when their payment has been approved by the trustees.
Lots of numbers to wade through but this is what I picked out:
VOLUNTARY INCOME
Grants 2013: £5,530,547
2012: £12,139,311
OTHER INCOMING RESOURCES
Foreign currency gains 2013: £1,304,694
2012: £291,959
Moving along to the 2014 return...the blah blah blah is much the same with new numbers inserted.
Charitable activities - making donations to further religious education overseas During the year the charity continued to provide material and financial assistance to associations of Jehovah's Witnesses in several countries. The aid, over £12.8m in total, was given to promote missionary activity, to support general costs of the local association, and to assist in the operation of local congregations of Jehovah's Witnesses. Additionally, literature with a value of over £5.6m was donated overseas, mainly to Africa, for use in advancing religious education.
A large decrease of cash etc coming in (over 5 million less coming in for 2014):
VOLUNTARY INCOME
Grants 2104: £137,503
2013: £5,530,547
But...zero income from foreign currency gains. Dropped dramatically from 2013 when that was over a million. The money market and money movement between countries changed sharply:
OTHER INCOMING RESOURCES
Foreign currency gains 2014: £0
2013: £1,304,694
So, in 2014, where did the money move and how much?
During the year, grants paid to institutions with congruous objectives can be analysed as follows:
By continent:
Europe: £17,100,718 (mostly cash of £16,506,664)
And the year before...in 2013? How much went to Europe?
2013
Europe: £621,747
In 2014, the WT moved £16,478,971 more than they had the year previous to Europe. Where in Europe?
GRANTS PAYABLE
Material grants (in the context of grant-making) were made to the following institutions:
Watch Tower Bible & Tract Society of South Africa
Watch Tower Society of Jehovah's Witnesses, Nigeria
Watch Tower Bible & Tract Society, Ghana
Jehovas Zeugen, Germany
Association Chretienne Les Temoins De Jehovah, Cameroon
The 2013 report mentions Europe but it does not include the German branch in the list.
In 2014, the UK Watch Tower Bible and Tract Society increased the movement of money and donations to the German branch by close to 17 million pounds. They stripped the Britain branch of cash assets - the same as it appears they may have done in Canada. In this case, they moved the bulk of it to Germany, reducing the money they sent to Africa, etc. in the years previously.
I think that the WT has been battening down the hatches for the past few years. I hope they get their asses spanked. In jail. For fraudulent activity.