Expression of Interest For Comprehensive Assessment Of The Aml/Cft Program And Controls Of Three Afghan Banks

Expression of Interest are invited for Comprehensive Assessment of the AML/CFT Program and Controls of Three Afghan Banks The International Finance Corporation ("IFC") is currently exploring potential business discussions with three (3) Afghan banks (the Banks). Bank 1 provides conventional and Sharia-compliant wholesale and consumer banking services with balance sheet of $635 million. Bank 2 is a microfinance bank with balance sheet size of $155 million. Bank 3, provides conventional and Islamic consumer and corporate banking services with a balance sheet of $251 million. IFC wishes to conduct a comprehensive assessment of the Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) and economic sanctions compliance program and controls of the Banks against relevant international standards and industry best practices. For each bank, the assessment shall include determining the inherent ML/TF risk profile of the bank, an evaluation of the banks control maturity, a view as to its design adequacy relative to the banks risk profile, and sample-based testing to assess the effectiveness of the primary preventative, detective and reporting controls. To fully understand the ML/TF and other financial crimes risk exposures of the Banks to determine whether the risks are sufficiently mitigated through effective implementation of adequately-designed internal controls to give comfort to the IFC to establish business relationship with the Banks, including trade guarantees, funded and unfunded engagements in addition to advisory services. Tender Link : https://wbgeprocure-rfxnow.worldbank.org/rfxnow/public/advertisement/7013/view.html