سياسة مكافحة غسل الأموال

Full text (English)

1. Purpose of the Policy

EJABH is committed to preventing money laundering, terrorist financing, and any financial activity that may support illegal or unethical practices. This Anti-Money Laundering (AML) Policy establishes principles and controls to ensure compliance with applicable laws, donor requirements, and international best practices.

2. Scope of the Policy

This policy applies to all EJABH board members, employees, volunteers, partners, contractors, and any third parties acting on behalf of the organization.

3. Definition of Money Laundering

Money laundering refers to any act intended to conceal or disguise the origins of illegally obtained funds, including transferring, converting, or using such funds to appear legitimate.

4. EJABH Commitment

EJABH adopts a zero-tolerance approach toward money laundering and terrorist financing and commits to:

• Using funds strictly for charitable and humanitarian purposes
• Ensuring transparency and accountability in all financial activities
• Cooperating with regulators, donors, and financial institutions

5. Donor Due Diligence

EJABH undertakes reasonable due diligence to identify and assess donors, including:

• Accepting donations only through approved and traceable channels
• Declining anonymous or suspicious donations when required by law
• Screening large or unusual donations where appropriate

6. Beneficiary & Partner Due Diligence

EJABH ensures that:

• Beneficiaries are verified through internal assessment procedures
• Partner organizations are reviewed for legitimacy and compliance
• Funds are not provided to sanctioned individuals, entities, or prohibited groups

7. Financial Controls & Monitoring

To reduce AML risks, EJABH:

• Maintains strong internal financial controls
• Keeps accurate, complete, and up-to-date financial records
• Conducts periodic internal and external financial reviews
• Monitors transactions for unusual or suspicious activity

8. Reporting Suspicious Activity

Any suspected or actual money laundering activity must be reported immediately to EJABH management. EJABH reserves the right to suspend transactions and report concerns to relevant authorities when required by law.

9. Record Keeping

All financial and donation records are retained for a minimum period in accordance with legal and regulatory requirements to support transparency and audits.

10. Training & Awareness

EJABH provides appropriate guidance and awareness to staff and relevant stakeholders to ensure understanding of AML responsibilities and risks.

11. Compliance with Laws & Sanctions

EJABH complies with all applicable national and international AML regulations, sanctions regimes, and counter-terrorist financing requirements.

12. Review of Policy

This policy is reviewed periodically and updated as necessary to reflect changes in laws, regulations, and organizational operations.

Source: ejabh.io/anti-money-laundering-policy