Deadline: 22-Jul-22
The Bureau of Counterterrorism (CT) of the U.S. Department of State announces an open competition for organizations to submit applications to strengthen the Federal Republic of Nigeria’s capacity to successfully implement its anti-money laundering and countering the financing of terrorism (AML/CFT) regime, with a particular focus on meeting international standards set by the Financial Action Task Force (FATF).
Proposed projects should focus on such activities as enhancing Nigeria’s understanding of money laundering (ML) and terrorist financing (TF) risks, improving Nigeria’s AML/CFT legal framework, increasing the number of ML and TF investigations, prosecutions, and confiscations in line with Nigeria’s risk profile, addressing TF risks and vulnerabilities in the non-profit organization (NPO) sector, strengthening the ability to obtain, analyze, and disseminate financial intelligence, and implementing a regime for reporting cross-border currency movement.
Objectives
This program will work towards the following objectives:
- Enhance effectiveness of AML/CFT law enforcement and justice sector entities in line with Nigeria’s risk profile, such as by increasing ML and TF investigations and prosecutions, increasing the number of related confiscations, implementing a system to track ML and TF investigations, prosecutions and confiscations, increasing the use of NFIU data, increasing international collaboration on AML/CFT including virtual asset oversight initiatives, and improving domestic interagency coordination mechanisms for information-sharing.
- Enhance oversight and supervision of Nigeria’s NPO sector using a risk based approach consistent with international standards.
- Strengthen Nigeria’s ability to implement targeted financial sanctions regimes pursuant to relevant United Nations Security Council resolutions relating to the prevention and suppression of terrorism and terrorist financing, including through timely designations, asset freezing measures, and delistings, and ensuring robust private sector understanding of sanctions-related obligations.
- Support the creation of a declaration system for cross-border movements of currency and bearer negotiable instruments (BNIs) and the confiscation of falsely declared/undeclared currency and BNIs as well as the active exchange of information with the NFIU, financial supervisors, law enforcement, and international partners.
Funding Information
- Award Ceiling: $2,765,432
- Award Floor: $2,765,432
- Length of performance period: 24 months
Priority Country or Region: Nigeria
Participants and Audiences: Nigerian competent authorities with AML/CFT responsibilities, including but not limited to the Central Bank of Nigeria (CBN). Nigerian Financial Intelligence Unit (NFIU), Special Control Unit against Money Laundering (SCUML), Economic and Financial Crimes Commission (EFCC), National Drug Law Enforcement Agency (NDLEA), and the Independent Corrupt Practices and other related offences Commission (ICPC), and the Nigeria Customs Service (NCS).
Eligibility Criteria
The following organizations are eligible to apply:
- Not-for-profit organizations, including think tanks and civil society/non-governmental organizations
- Public and private educational institutions
- Foreign Public Entities (FPEs) and Public International Organizations (PIOs)
For more information, visit https://www.grants.gov/web/grants/view-opportunity.html?oppId=340617