Project Profile · 2024-1

Strengthening the Technical Capacity for Financial Investigations in Anti-Money Laundering and Countering Financing of Terrorism (AML/CFT)

Priority Area

Window 1: Rule of Law, Fundamental Rights and Democracy — Thematic Priority 3: Fight against Organised Crime/Security

Implementing Institution

Financial Crimes Investigation Board (MASAK)

Co-Beneficiary

Council of Europe

Duration

36 months

EU Contribution

€2,000,000 (+€223,000 Council of Europe contribution)

Project Objective

2024-1

To improve MASAK’s investigation capacity for effectively fighting against money laundering and financing of terrorism

01 Strengthened AML/CFT framework in alignment with the updated FATF standards and the evolving EU acquis for increasing credibility in international financial systems
02 Increased institutional capacity focusing on advanced techniques in financial investigations, AML/CFT compliance, and the use of analytical/technological tools

Project profile · 2024-1