Introducing Due Diligence Changes

POSTED BY Khai Ahmed Salma | 08 Mar 2024 | What’s new in GMS!!!

We are excited to introduce the following new changes to the Due Diligence Application Form, which were driven by widespread feedback. Let’s dive right in:

  1. Partner Risk Display: Implementing Partners (IPs) now have access to their Partner risk conveniently located in the top right corner of the Application Form tab within their Due Diligence section. (Refer to the image below for visual guidance.)
  2. Expanded Organization Categories:  IPs now have the option to indicate their affiliation with two additional categories, namely RLO (Refugee-led Organization) and YLO (Youth-led Organization), in addition to the existing categories of OPD (Organization of Persons with Disabilities) and WLO (Women-led Organization), which was previously known as WGO. (Please note that existing organizations marked as WRO will now be reflected as WLO).

  3. Mandatory Beneficiary Banking Information Fields: For Umoja recording purposes, the following Beneficiary Banking Information fields have been updated to be mandatory, as indicated in the image below:
  • Bank ID
  • For US banks only use whether (9 digits): ACH and/or Fed Wire. (Please note that this field is also mandatory for non US banks (9+digits))
  • SWIFT code: 8 or 11 characters (required for overboard payments)
  • Street Address
  • City
  • State/Province
  • Postal Code
  • Country

Please be informed that these changes are implemented with no implications on the bank information of approved due diligence application linked to active projects.