📋 Tender Overview
Project number:
2024.2138.6
Status:
ongoing project
Responsible organizational unit:
G420 Governance, Human Rights
Contact person:
Dr. Angela Paul angela.paul@giz.de
Partner countries:
Global projects, convention/sector/pilot projects.
SUMMARY
Goals:
The capacities of regional and global systems against illegal financial flows have been strengthened in a development-oriented manner.
Client:
Federal Ministry for Economic Cooperation and Development
Project partners:
Partner ministries
Financier:
not available
ORDER VOLUME
Current project:
4,650,000 euros
COMBINED FINANCING
not available
PREDECESSOR PROJECT
2021.2211.7
Combating Illegal Financial Flows (IFF)
SUCCESSOR PROJECT
not available
DURATION
Overall project:
(including all previous, current and subsequent project phases, if any)
20.07.2021 - 30.09.2027
Current project:
01.10.2024 - 30.09.2027
OTHER PARTICIPANTS
not available
FURTHER INFORMATION
Project website
not available
DEVELOPMENT POLICY IDENTIFIERS
Gender equality
Significant secondary objective
Democratic and inclusive governance
Main goal
CRS KEY
15114 Mobilization of own revenues
EVALUATION
not available
PROJECT DESCRIPTION (DE)
Background:
Illicit financial flows (IFF) are a complex, global challenge. They represent funds that are illegal due to:
- their origin, for example, corruption or drug trafficking,
- their use, such as financing terrorism, or
- their transfer, primarily money laundering.
Criminal activities associated with IFF destabilize societies, promote autocracies and terrorism, and exacerbate poverty and inequality.
Objective:
The capacities of regional and global systems are being strengthened to combat illicit financial flows.
Approach:
The project follows the holistic approach of the German Federal Ministry for Economic Cooperation and Development (BMZ), which aims to reduce IFF. This approach includes preventing IFF, supporting financial investigations, and recovering stolen assets.
The project is developing new approaches, tools, and strategies to combat IFF in collaboration with global and regional authorities and organizations. Criminals are constantly developing and using new methods to conceal the illegal origin of funds. With this rapidly changing landscape, the tools for combating IFF must also be continuously developed. The project supports these innovations in partnership with global and regional stakeholders.
Furthermore, it promotes cross-regional exchange between institutions and networks. Through exchange formats developed by the project, best practices can be shared and widely disseminated. To this end, the project gathers regional and global learning experiences from both partners and the implementation experience of German development cooperation. It processes these experiences and feeds them into the global discussion. In this way, it fosters a holistic, coordinated approach to curbing IFF.
(St
