Compliance Statement on AML, CTF, and KYC Practices
Green Earth Carbon Solutions’ Commitment to Regulatory Compliance
Green Earth Carbon Solutions LLC ("Green Earth") is dedicated to upholding high standards of regulatory compliance in all carbon credit transactions. Although Green Earth is not a broker and is not required to meet full AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) compliance requirements, we voluntarily implement practices that align with these regulations to promote transparency, integrity, and accountability in the carbon credit market.
Our Approach to AML and CTF Compliance
In our efforts to prevent illicit activities in carbon credit transactions, Green Earth has adopted certain AML and CTF practices that are typically associated with regulated financial institutions. These practices include:
- Client Screening: Conducting screenings to identify individuals or entities on global sanctions lists, as well as reviewing clients who may be classified as Politically Exposed Persons (PEPs).
- Transaction Monitoring: Monitoring transactions to detect and assess potential suspicious activities.
- Record Retention: Retaining records in accordance with applicable legal standards to ensure data transparency and traceability.
Know Your Customer (KYC) Standards
Green Earth follows KYC guidelines to confirm the identity and legitimacy of our clients, including brokers and end-user purchasers of carbon credits. Our KYC process includes:
- Identity Verification: Collecting and verifying information about the identity of clients, such as government-issued identification and proof of legal entity status.
- Ownership Transparency: Requiring information about beneficial ownership, including identities of individuals with significant control over client entities.
- Source of Funds Review: Reviewing the source of funds to ensure they are legitimate and not derived from unlawful activities.
Data Protection and Privacy
All information collected as part of our AML, CTF, and KYC practices is handled in compliance with data protection laws. We ensure that client information is processed, stored, and retained securely, respecting privacy rights and adhering to applicable data protection regulations.
Commitment to Regulatory Cooperation
Green Earth cooperates with regulatory authorities to support efforts in preventing financial crimes in the carbon credit industry. By maintaining our commitment to compliance and transparency, we aim to build trust and contribute positively to the carbon credit market.
For more information on our compliance practices, please contact us at:
Email:
Phone: 512-766-5337
Last Updated: 11-4-24