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Product Detail :
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Technical assistance for combatting financial crimes
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| Tender Detail : |
General procurement notice : Technical Assistance for Combatting Financial Crimes
the Principal Objective of This Project is to Support the Government of Mauritius to Combat Financial Crimes and Improve Financial Integrity. as a Leading International Financial Centre, the Country Needs to Safeguard the Integrity of Its Financial Sector By Ensuring That Proper Legislative, Regulatory, Institutional and Policy Frameworks Are in Place for Combatting Illicit Financial Flows (iffs) and Economic Crimes. Given the Broad Reform Agenda and Limited Room for Borrowing By Government Due to High Public Debt-to-gdp Ratio, the Country Needs to Identify Innovative Financing Instruments for Infrastructure Projects.
The Government of the Republic of Mauritius has received a Grant from the African
Development Bank (the “Bank”), acting as administrator of grant funds under the Middle-Income
Country Technical Assistance Fund (MIC-TAF), to finance the Technical Assistance for
Combatting Financial Crimes (TACFiC) Project.
2. The principal objective of this project is to support the Government of Mauritius to combat
financial crimes and improve financial integrity. As a leading International Financial Centre,
the country needs to safeguard the integrity of its financial sector by ensuring that proper
legislative, regulatory, institutional and policy frameworks are in place for combatting illicit
financial flows (IFFs) and economic crimes. Given the broad reform agenda and limited room
for borrowing by Government due to high public debt-to-GDP ratio, the country needs to
identify innovative financing instruments for infrastructure projects.
3.The project includes the following components:
(a) Component 1: Strengthening of policy and operational environment for combatting
financial crimes: This component seeks to strengthen government’s capacity in combatting
financial and economic crimes through development of a strategic vision and national policy
regarding the fight against financial crimes as envisaged under Section 6(2) a of the
Financial Crimes Commission (FCC) Act. The key activities to be undertaken include: (i)
Development of a National Policy and Strategy regarding the fight against financial crimes;
(ii) Development of an implementation plan for the Policy and Strategy; and (iii)
Development of standard operating procedures.
(b) Component 2: Strengthening capacity for combatting illicit financial flows and
facilitate identification of public-private partnership investment opportunities: This
component seeks to strengthen the capacity of the Ministry of Financial Services and
Economic Planning to prepare for the upcoming Anti Money Laundering and Combating
the Financing of Terrorism (AML/CFT) Mutual Evaluation. It also includes supporting
government to identify innovative financing instruments for infrastructure projects through
a country PPP diagnostic. |