Combating Financial Crimes: Anti-Money Laundering Initiatives in Uzbekistan
Closed Posted
- Opportunity number
- OFOP0001531
- Agency
-
Bureau of International Narcotics Law Enforcement
Department of State
- Applications due
- Award size
- $500,000 to $900,000
Opportunity facts
- Assistance listings
-
- 19.703 Criminal Justice Systems
- Funding instrument
- Grant
- Category
-
- Other
- Eligible applicants
- Not on record
- Full announcement
Opportunity details come from Grants.gov. Updated .
About this opportunity
The U.S. Department of State's Bureau of International Narcotics and Law Enforcement Affairs (INL) is seeking grant applications for projects that address money laundering-related financial crimes in Uzbekistan. The funding opportunity aims to enhance regulatory compliance, improve coordination among relevant agencies, and promote the adoption of international best practices in anti-money laundering (AML) initiatives. Eligible applicants include U.S. and foreign non-profit/non-governmental organizations and educational institutions. The application deadline is October 4, 2024, and the project implementation period is 18-24 months, with an estimated start date of January 2024. The evaluation criteria will focus on the applicant's ability to strengthen Uzbekistan's capacity to detect, prevent, and prosecute financial crimes.
The total available funding for this opportunity is $4,000,000, with individual awards ranging from $500,000 to $900,000. The project will be funded under the Catalog of Federal Domestic Assistance (CFDA) number 19.703 - Criminal Justice Systems, which aims to institutionalize the rule of law by developing and expanding criminal justice systems in partner countries. The place of performance is the Republic of Uzbekistan.
Synopsis
The Bureau of International Narcotics and Law Enforcement Affairs of the U.S. Department of State announces an open competition for organizations to submit applications to carry out a project addressing money laundering-related financial crimes in the Republic of Uzbekistan. Although Uzbekistan has implemented reforms to boost its anti-money laundering (AML) framework, the country still faces significant challenges in combating money laundering and financial crimes, which threaten the integrity of its financial system, facilitate corruption, and hinder economic development. Despite ongoing efforts, the country continues to grapple with issues related to illicit financial flows, corruption, and weak regulatory frameworks. These challenges are exacerbated by the complex and evolving nature of money laundering schemes, which often exploit gaps in the existing legal and institutional structures. To address these issues, there is a critical need for innovative and effective anti-money laundering (AML) initiatives that can strengthen Uzbekistan's capacity to detect, prevent, and prosecute financial crimes. This funding opportunity seeks to support projects that enhance regulatory compliance, improve coordination among relevant agencies, and promote the adoption of international best practices in AML. By investing in these efforts, INL aims to bolster Uzbekistan's financial integrity, strengthen the rule of law, and contribute to a more transparent and resilient economic environment.
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