Technical Assistance for Economic Crimes

$868.2K USD

Funder	Department of the Treasury
Recipient Organization	U.S. Government - Department of Treasury
Country	West Bank and Gaza
Start Date	Jan 27, 2012
End Date	Apr 26, 2014
Duration	820 days
Number of Grantees	2
Roles	Recipient
Data Source	US Foreign Aid
Grant ID	`141227-75`

Grant Description

Strengthen the Palestine Authority (PA) Anti-Money Laundering and Counter-Terrorist Financing (AML/CFT) regime.

Technical assistance (TA) focuses on ensuring the PA Financial Intelligence Unit (FIU) is operating in accordance with international standards and is capable of functioning as the core agency in AML/CFT regime development.

This involves developing an internationally compliant legal framework; improving FIU infrastructure; operating and analytical methodology; cooperation with domestic and international partners; and work with regulatory authorities to improve AML/CFT compliance (money service businesses, capital markets and insurance sectors).

TA will also be directed to increase law enforcement capacity by providing training on handling and processing electronic evidence, use of investigative task forces, case development, and prosecution of financial crimes cases.