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Comprehensive Assessment of the AML/CFT Program Tender - 144189442

The WORLD BANK(WB) has issued a Tender notice for the procurement of a Comprehensive Assessment of the AML/CFT Program and Controls of Five Syrian Banks in the Syria. This Tender notice was published on 29 Jun 2026 and is scheduled to close on 09 Jul 2026, with an estimated Tender value of Refer Document. Interested bidders can access detailed Tender information, eligibility criteria, and complete bidding documents by referencing TOT Ref No. 144189442, while the tender notice number is 0002022786 and Registering on the platform.

Procurement Summary

Country: Syria

Summary: Comprehensive Assessment of the AML/CFT Program and Controls of Five Syrian Banks

Deadline: 09 Jul 2026

Posting Date: 29 Jun 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 144189442

Document Ref. No.: 0002022786

Competition: ICB

Financier: World Bank (WB)

Purchaser Ownership: Public

Tender Value: Refer Document

Purchaser's Detail

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Tender Details

The International Finance Corporation ("IFC") is currently exploring potential business discussions with six (6) Syrian banks (the “Banks”). Bank 1 provides Sharia-compliant retail, corporate, and investment banking services with balance sheet of $48 million, and is a subsidiary of a banking group with subsidiaries across Asia, Middle East & Africa. Bank 2 is a conventional private bank with balance sheet size of $30 million and majority strategic ownership by a top regional player which provides strong institutional support. Bank 3, a subsidiary of one of the top financial institutions in the Middle East, provides conventional corporate, retail, trade finance and payment services with a balance sheet size of $17 million. Bank 4, one of the largest conventional private banks in Syria with large branch network and other banks within its network, has a balance sheet of $60 million and majorly owned by two regional players. Bank 5 is a conventional private Syrian bank with balance sheet size of over $15 million, relatively strong regional shareholder base, and retains a functioning national franchise, a broad conventional product set, and a clearer trade finance and payments orientation than many peers. Bank 6 is majority owned by a regional player and operates conventional banking in Syria through 11 branches with a balance sheet size of ~$11 million.Assignment 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 six 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 bank-s control maturity, a view as to its design adequacy relative to the bank-s risk profile, and sample-based testing to assess the effectiveness of the primary preventative, detective and reporting controls. The outcome of this ...

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Tender Notice

TOR-For-AML-CFT-Comprehensive-Review-Bank-in-Syria_Final.docx

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