Green Earth Carbon Solutions
Compliance Statement on AML, CTF & KYC Practices
1. Commitment to Regulatory Compliance
Green Earth Carbon Solutions LLC ("Green Earth") is committed to advancing transparency, integrity, and accountability in carbon credit transactions. Although not formally designated as a financial institution or broker and thus not obligated to meet full AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) requirements, we voluntarily adopt robust compliance measures consistent with regulatory expectations.
2. AML & CTF Screening & Monitoring
We align certain controls with Financial Crimes Enforcement Network (FinCEN) and OCC standards applicable to Money Services Businesses and brokers operating in environmental commodity markets:
- Client Screening: We screen individuals and entities against global sanctions lists and assess politically exposed persons (PEPs).
- Transaction Monitoring: We maintain internal systems to watch for and escalate suspicious activities.
- Record Retention: We retain records per applicable U.S. statutes, supporting auditability and traceability of transaction data.
3. Know Your Customer (KYC) Standards
To ensure legitimacy in carbon credit transactions, we leverage these KYC practices:
- Identity Verification: We verify personal and corporate identities using government IDs and corporate documentation.
- Beneficial Ownership Transparency: We require disclosure of all beneficial owners as defined under the Corporate Transparency Act.
- Source of Funds Review: We assess clients’ source of funds to mitigate risk of illicit financing.
4. Data Protection & Privacy
All data collected via AML/CTF/KYC procedures is handled in strict accordance with U.S. data protection laws. We maintain safeguards to ensure secure processing, storage, and eventual deletion or anonymization when appropriate.
5. Cooperation with Regulatory Authorities
Green Earth maintains proactive cooperation with law enforcement, FinCEN, and environmental regulators. Our compliance framework is designed to evolve with financial crime guidance and sector-specific standards, including oversight by the Environmental Fraud Task Force.
6. Scope & Limitations
- We are not a licensed financial intermediary (broker-dealer, MSB, or CATF-registered entity) and do not engage in regulated securities or derivatives trading.
- We do not hold client funds or act as custodian.
- Our AML/CTF measures are voluntary and policy-driven, reflecting current best practices rather than mandated obligations.
- We continue to monitor evolving enforcement actions and regulatory clarifications from FinCEN, OCC, CFTC, and CARB.
7. Contact for Compliance Questions
For further information, please reach out to:
512‑766‑5337
Last Updated: June 25, 2025