> For the complete documentation index, see [llms.txt](https://docs.oscollective.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.oscollective.org/about-osc/anti-money-laundering-and-financial-integrity-statement.md).

# Anti-Money Laundering & Financial Integrity Statement

## Purpose

Open Source Collective (OSC) is committed to maintaining the highest standards of financial integrity, transparency, and accountability. To protect our hosted projects, donors, and staff, OSC operates under a robust Anti-Money Laundering (AML) framework that prevents the misuse of funds, detects suspicious activity, and ensures compliance with applicable laws and international best practices. 

## Commitment to Ethical Stewardship

OSC voluntarily upholds AML and counter-terrorism financing standards, even though OSC is not a bank or Money Service Business. This reflects our commitment to good governance and to safeguarding the open source ecosystem we support.

## Scope of Application

OSC’s AML and compliance standards apply to all of our financial activities. Including donations and expenses. All participants – including collective administrators, donors, and suppliers – must operate in accordance with applicable laws and regulations as put forth in our Terms of Fiscal Hosting.

## Risk Management and Oversight

OSC maintains internal procedures to review, monitor, and assess financial transactions to prevent misuse of funds. Oversight is led by senior management and supported by all staff, with modern verification and monitoring tools. Risk assessments are conducted regularly to adapt to emerging threats. 

## Due Diligence and Verification

To protect the integrity of our financial systems, OSC verifies the identities of payees, vendors, and other relevant parties before funds are disbursed, when warranted. Donations and payments are accepted only through trusted, regulated payment processors. OSC may request additional information when transactions exceed certain thresholds, originate from higher-risk regions or sources, or are selected at random. 

## Sanctions and Legal Compliance

OSC complies with US sanctions laws. Any attempt to conceal identity, source of funds, location, or other aspects to evade sanctions or regulations will result in account suspension and potential reporting to authorities. 

## Confidentiality and Data Protection

All personal information, including financial information, collected for compliance purposes is handled securely and confidentially, in accordance with OSC’s[ Privacy Policy](https://oscollective.org/privacy-policy/). 

## Reporting and Ethics

OSC fosters a culture of transparency and accountability. Staff and community members are encouraged to report any suspicious behavior. Retaliation against individuals who raise good-faith concerns is prohibited.

## Our Assurance

OSC takes its role as a fiscal host seriously. Every dollar entrusted to us is subject to diligent oversight. Through strong internal controls, regular reviews, and support from external accounting professionals, OSC ensures that all funds are used responsibly and in accordance with our mission to support open source initiatives.