ORGANIZATIONAL PUBLICATIONS
Peace SOS Policy on Preventing Money Laundering and the Financing of Terrorism
INTRODUCTION
The anti-money laundering policy outlines the control and procedural measures Peace SOS has in place to prevent money laundering and the financing of terrorism. Money laundering can be defined as: any actions involving funds of illegal origin. In the case of terrorist financing, this may involve funds intended for humanitarian projects being diverted for improper purposes.
Mollie is a Dutch payment service provider through which donor payments on the Peace SOS website are processed. In accordance with the Dutch “Act on the Prevention of Money Laundering and Financing of Terrorism,” Mollie requests Peace SOS’s anti-money laundering policy.
More specifically, Mollie asks for the following information:
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A list of partners and the countries from which they operate
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How do you select the partners you work with?
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What is your screening policy for partners?
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How does your organization comply with international sanctions?
These questions will be addressed in the following subsections. First, a brief description of Peace SOS will be provided.