Combating Financial Crimes: Anti-Money Laundering Initiatives in Uzbekistan

Description

1) Objective

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.

2) Eligibility

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

3) Location

Actions must take place in Uzbekistan.

4) Budget

The estimated total program funding is $3,000,000, with an award ceiling of $900,000 and an award floor of $500,000.

5) Application

The closing date for applications is 4 October 2024.