Objectives

The primary objective of this tender is to appoint a qualified and experienced service provider to conduct a comprehensive Compliance and Anti-Money Laundering (AML) Management System Maturity Assessment for the Land Bank. The assessment aims to evaluate the design, effectiveness, and maturity of the Bank’s compliance and AML frameworks, processes, controls, and technology, ensuring alignment with regulatory requirements, industry standards, and best practices. The ultimate goal is to identify gaps, enhance system effectiveness, and develop short-, medium-, and long-term improvement initiatives to strengthen compliance and AML maturity levels.

Scope

The scope includes:

• Conducting a detailed assessment of the Bank’s Compliance and AML Management Systems across key dimensions such as governance, risk management, monitoring, reporting, and technology enablement.
• Reviewing policies, procedures, internal controls, frameworks, and operational processes against regulatory frameworks including the Financial Intelligence Centre Act, the National Credit Act, the Public Finance Management Act, and the Land and Agricultural Development Bank Act.
• Evaluating processes and operations within the existing compliance environment.
• Performing diagnostic analysis supported by a clear methodology, considering dimensions like People, Process, and Technology.
• Identifying gaps and recommending enhancements to improve the effectiveness of the systems.
• Developing initiatives to increase compliance and AML maturity levels over short, medium, and long-term periods.
• Engaging with key stakeholders, including executive management and governance structures, through reports and presentations.

Technical Requirements

The service provider must meet the following minimum functional requirements:

• Experience in conducting Compliance and AML Management System Maturity Assessments, preferably within the public sector or regulated environments.
• Declaration of absence of conflicts of interest by the team members.
• Provision of contactable client references for similar assessments.
• Demonstration of expertise, methodology, approach, timelines, and milestones for project execution.
• Submission of a comprehensive Resource Plan covering all project phases.
• Delivery of assessment reports in signed PDF and editable MS-Word formats, along with PowerPoint presentations for stakeholder engagement.

Skills Requirements

The bidder’s team must possess:

• Extensive experience in AML, governance, risk management, and compliance assessments, with more than 5 years’ experience for the project lead.
• Proven ability to incorporate organizational trends, leading practices, and benchmarking into the assessment approach.
• Strong analytical skills to diagnose system maturity levels and identify gaps.
• Excellent communication skills to present findings and recommendations effectively to senior management and governance bodies.
• Capability to develop actionable short-, medium-, and long-term improvement initiatives.