Cases

Development of AML / CFT Standard for the Green Climate Fund

The AARC team have supported the Green Climate Fund (GCF) in preparations to adopt a group wide Anti-Money Laundering/Countering the Financing of Terrorism Standard. This AML/CFT Policy aims to safeguard the Green Climate Fund (GCF) against Money Laundering (ML) and the Financing of Terrorism (FT). The Policy outlines the principles and minimum standards of internal AML/CFT controls which should be adhered to by the GCF to mitigate reputational, regulatory, legal, and financial loss risks. The key objectives of this assignment were:

  • To implement GCF’s AML/CFT Policy
  • To establish guidelines and responsibilities to prevent GCF from being used as an instrument for money laundering and terrorism financing
  • To outline the “Know Your Counterparty/Customer” principle as a cornerstone for the Fund’s practices and operations.

Related Projects

Developing Sustainable Finance Ecosystem in Finland

Early warning tools and preventive restructuring frameworks in Romania

Implementing an Early Warning Tool in Finland

Targeted Seminars and Trainings of Financial Institutions on AML/CFT/IS

Development of Risk Control Self Assessment process for Green Climate Fund

Technical Assistance to Securities Markets in Philippines

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