B.18/10: Policies related to prohibited practices, anti-money laundering and countering the financing of terrorism

The Board, having considered document GCF/B.18/20 titled “Anti-Money Laundering and Countering the Financing of Terrorism Policy”:

1. Adopts the “Anti-Money Laundering and Countering the Financing of Terrorism Policy” contained in annex XIV to this document;
2. Requests the Head of the Independent Integrity Unit, under the supervision of the Ethics and Audit Committee, to develop the standards for the implementation of the Anti-Money Laundering and Countering the Financing of Terrorism Policy for consideration by the Board by its twentieth meeting; and
3. Authorizes the Ethics and Audit Committee to address issues that may arise in the implementation of this policy.