Cerise+SPTF Launches New Anti-Money Laundering Working Group for Impact Investors
InFiNe member Cerise+SPTF is launching a new Anti Money Laundering (AML) and Know Your Customer (KYC) sub-group within their Social Investor Working Group (SIWG), addressing one of the most pressing challenges facing impact investors today.
Cerise+SPTF’s SIWG serves as an open forum for investors and asset managers committed to advancing responsible investment in financial inclusion.
The creation of this sub-group comes in response to alarming trends in illicit financial flows, particularly in Africa, where such flows have nearly doubled from $50 billion in 2015 to $90 billion in 2020—representing 3.7% of the continent’s GDP according to the African Development Bank. These losses often exceed the total foreign investment and aid the region receives annually, with profound consequences for fragile states.
The sub-group will be led by Marloes Noppen, Co-Head of Compliance, Risk, and Finance at Symbiotics, and will focus on several key objectives:
Exchanging challenges and solutions around AML risk frameworks and due diligence
Co-developing harmonized AML tools to streamline processes for investors
Organizing customized AML training focused on the realities of investing in emerging markets
Addressing fraud prevention and AML risks across due diligence and investment pipelines
The ultimate goal is to harmonize AML frameworks and tools, making AML due diligence more efficient for both investors and investees while strengthening the integrity of impact investments in emerging markets.
Impact investors interested in actively participating in this sub-group can contact SPTF Europe Managing Director Paola D’Angelo or Manon Loison for more information.
Please note that you need to be a member of the SIWG to participate.
