EBRD launches regional AML/CFT program
Azerbaijan , Baku, Sept. 30 / Trend , G.Dadashova /
The European Bank for Reconstruction and Development (EBRD) intends to organize a 3 year Anti Money Laundering/CFT program (AML/CFT) with emphasis on effectiveness and the implications of new sanctions measures, the bank reported.
It is intended to award up to 3 framework agreements for the provision of the Services. The EBRD reserves the right to select consultants from the framework agreement to be implemented by direct selection or by further competition. Please see the section below 'maximum budget'.
A vital component of the assignment is a sustained set of seminars rather than a one - off seminar. The three year program is expected to comprise design and delivery of six seminars over the three years.
The need is particularly acute as the OECD, FATF, UN, G20, and sovereign states turn their attention from law and regulation towards effectiveness, thereby demanding more of the public and private sector. New legislation relating to international sanctions makes compliance increasingly challenging.
The program will target key AML management from financial institutions (FIs), and relevant public sector AML stakeholders in EBRD countries of operation especially in the Balkans, Caucasus, Central Asia, Ukraine, Romania and Bulgaria. Workshops will help attendees to better understand their new obligations, the new focus, and how to be effective with constrained resources.
Seminar attendees will complete the seminar / workshop with a significantly enhanced level of knowledge and experience, practically applicable to their own AML / CFT and sanctions responsibilities, and develop an enhanced network of fellow professionals with whom they may wish to consult as an ongoing resource.