Our Commitment to Anti-Money Laundering
At Taawon, we are dedicated to maintaining the highest standards of integrity and transparency in all our operations. We take our responsibility to prevent money laundering and the financing of terrorism very seriously.
Our Policy
We have established comprehensive AML policies and procedures to ensure that our activities comply with all relevant regulations and best practices. Our policy includes, but is not limited to, the following measures:
1. Due Diligence: We conduct background checks on all our donors, partners, members, and employees to ensure their legitimacy and to prevent any involvement with illicit activities.
2. Record Keeping: We maintain detailed records of all transactions and interactions, ensuring that all data is accurate, up-to-date, and securely stored for the minimum period required by law.
3. Risk Assessment: We regularly assess the risks of money laundering and terrorist financing associated with our operations and take appropriate steps to mitigate those risks.
4. Training and Awareness: Our staff and volunteers receive regular training on AML policies and procedures to ensure they are well-informed and vigilant in detecting and preventing suspicious activities.
5. Reporting: We have established procedures for the timely reporting of any suspicious activities to the relevant authorities, in compliance with local and international regulations.
6. Auditing and Monitoring: We conduct regular internal and external audits to ensure compliance with our AML policies and to identify any areas for improvement.
Our Responsibility
We recognize that the nature of our work presents unique challenges and risks. However, we are committed to ensuring that all funds and resources are used solely for their intended charitable purposes and that we remain compliant with all applicable AML laws and regulations.