Attijariwafa Bank, one of Morocco’s largest banks, has signed a Memorandum of Understanding (MoU) with the Independent Integrity Unit (IIU) of the Green Climate Fund (GCF) to cooperate and consult on integrity matters.
The agreement covers information-sharing, joint investigations and collaborations, as well as capacity-building support with the Bank’s Compliance Office.
The MoU will complement Attijariwafa Bank’s Accreditation Master Agreement (AMA), which is currently under negotiation. The IIU investigates allegations of fraud, corruption, misconduct and other prohibited practices such as coercive and collusive practices, abuse, conflict of interest and retaliation against whistle-blowers in all GCF operations.
In the exercise of its mandate, IIU promotes awareness of GCF’s integrity standards among GCF’s stakeholders, including accredited entities and executing entities.
IIU is also a member of international networks of collaboration with counterpart offices in international finance institutions, multilateral development banks, UN offices and other international public institutions for operational collaboration and the sharing of best practices.
IIU takes a proactive approach to preventing the occurrence of prohibited practices by developing and proposing integrity policies and guidelines, recommending improvements to policies and procedures, and conducting proactive reviews of GCF projects and programs.