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

The summary for the Bolstering anti-money laundering prevention and private sector compliance programs in El Salvador grant is detailed below. This summary states who is eligible for the grant, how much grant money will be awarded, current and past deadlines, Catalog of Federal Domestic Assistance (CFDA) numbers, and a sampling of similar government grants. Verify the accuracy of the data FederalGrants.com provides by visiting the webpage noted in the Link to Full Announcement section or by contacting the appropriate person listed as the Grant Announcement Contact. If any section is incomplete, please visit the website for the Bureau of International Narcotics Law Enforcement, which is the U.S. government agency offering this grant.

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