COFICERT announces the renewal of the AML 30000 certification of the microfinance institution ENDA Tamweel. AML 30000 is the international standard dedicated to combating money laundering, terrorist financing, and the proliferation of weapons of mass destruction (AML/CFT).
ENDA Tamweel has had its AML 30000 certification renewed. The standard, issued and regulated by IGSF, was awarded to ENDA by the certification body COFICERT following an assessment of its AML/CFT system. The renewal of the AML 30000 certification attests to ENDA Tamweel’s continued compliance with requirements related to the control and management of AML/CFT risks.
During a ceremony held at the institution’s headquarters, Ms. Essma Ben Hamida, founder of ENDA Tamweel, received the certificate from Mr. Souheil Skander, accompanied by members of COFICERT. The validation of the institution’s compliance with the AML 30000 standard demonstrates the existence and effectiveness of its framework for combating money laundering and terrorist financing, in line with international requirements.
ENDA Tamweel obtained its first AML 30000 certificate in January 2021, following a project initiated by the European Union and supervised by Expertise France. In 2021, ENDA Tamweel was the first microfinance institution in Africa and the Middle East to be awarded the AML 30000 certificate.
The AML 30000 standard provides insight into the quality of the framework implemented by a financial institution or a designated non-financial business or profession subject to AML/CFT obligations, particularly for activities exposed to money laundering and terrorist financing risks.
The AML 30000 certification approach is based on evaluating the entity along two main axes: (a) the technical compliance of AML/CFT mechanisms and (b) their effectiveness.
In an ever-evolving regulatory and financial environment, the AML 30000 standard serves as a benchmark for economic and financial operators seeking reliable and concrete AML/CFT references. The use of AML 30000 compliance marks directly contributes to enhancing the value and attractiveness of ENDA Tamweel by reassuring stakeholders of the measures implemented to actively safeguard the integrity of the financial system and combat financial crime, particularly terrorist financing.
