Annual independent fair‑trade/ethical trade and AML assurance outcome
Assesses whether the organization undergoes an annual independent assurance review of its ethical trade (including modern slavery and supplier due diligence) and AML framework aligned to a risk‑based approach, with documented remediation and board oversight. Annual independent assurance is delivered either as (i) an ISAE 3000 (Revised) limited assurance report over the AML control framework and ethical trade due diligence controls, or (ii) an Agreed-Upon Procedures (AUP) report with pre-agreed tests and sampling, approved by the board/audit committee.
Ḥisbah
Institutional market oversight that mandates proactive inspection to prevent fraud, market abuse, and illicit flows.
Amānah
Fiduciary trust that requires trustworthy stewardship of stakeholders’ wealth.
Al-ghurm bil-ghunm
Liability accompanies gain; those who benefit from trade/funds must bear the responsibility of ensuring controls are in place.
La ḍarar wa la ḍirār / Sadd al-dharāʾiʿ
Preventing harm and blocking its means justify proactive AML controls, sanctions screening and supplier due diligence.
`Adl wal-Iḥsān
Justice and Excellence. `Adl requires compliance with regulations; `Iḥsān encourages proactive ethical practices.
Al-Kasb al-Ṭayyib
Earning a pure and lawful livelihood, necessitating robust AML and fair-trade practices.
Discussion (1)
📋 **Version updated: 1.0.0 → 2.9.7** **Changes:** Full import from mizan-297.json
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