GrantExec

Bolstering anti-money laundering prevention and private sector compliance programs in El Salvador

$1,000,000
Closed
Nationwide
Grant Description

The Bureau of International Narcotics and Law Enforcement Affairs (INL) of the U.S. Department of State announces an open competition for organizations to submit applications to carry out a project to bolster the capacity of obligated entities and government supervisors in El Salvador to develop and implement effective Anti-money Laundering and Counter Terrorist Finance (AML/CFT) compliance programs consistent with international standards and Financial Action Task Force (FATF) recommendations. The primary objective of the project is to ensure that entities with high risks of money laundering in El Salvador are closely monitored and supervised. The project aims to facilitate the implementation of effective risk-based AML/CFT (Anti-Money Laundering/Combating the Financing of Terrorism) compliance programs that are in line with the best practices in the industry. By adopting these measures, the project seeks to prevent and detect instances of money laundering in the country.

Funding Details

Award Range

$800,000 - $1,000,000

Total Program Funding

Not specified

Number of Awards

1

Matching Requirement

No

Eligibility

Eligible Applicants

Exclusive - see details

Additional Requirements

U.S.-based non-profit/non-governmental organizations (NGOs); U.S.-based educational institutions subject to section 501(c)(3) of the U.S. tax code or section 26 US 115 of the US 115 of the U.S. tax code; Foreign-based non-profits/non-governmental organizations (NGOs); Foreign-based educational institutions

Geographic Eligibility

All

Key Dates

Application Opens

May 6, 2024

Application Closes

July 8, 2024

Contact Information

Grantor

DOS-INL (Bureau of International Narcotics-Law Enforcement)

Subscribe to view contact details

Newsletter Required
Categories
International Development
Income Security and Social Services