Procurement of a Money Transfer Agency (Hawala) for Development Funds Transfer to the Levant area

1. Objective

To establish a framework agreement with an agency that ensures development funds are transferred safely, legally, and efficiently to the Levant area.
 

2. Geographic Locations

Levant area .
 

3. Ethical Considerations

The contracted party shall take into consideration all factors to ensure that the work is done in a conflict sensitive manner and that no harm is done while maintaining strict compliance with international sanctions, anti-money laundering (AML), and counter-terrorism financing (CTF) standards. This includes social, security, safety, environmental, economic considerations and sensitivities.

 

4. Scope of Work

The agency will:

Implement comprehensive risk assessments and mitigation strategies.

Adhere to international sanctions, AML, and CTF regulations, with mechanisms for regular updates on compliance measures.

Ensure transaction transparency and accountability, with capabilities for identifying and reporting suspicious activities.
 

5. Timeline

1 Year
 

6. Requirements 

Deliver program cash payments to suppliers and program participants.

Provide transparent and traceable transaction records, aligning with Search’s policies and donor requirements.
 

7. Eligibility Criteria

Applicants must:

Demonstrate expertise in sanctions regulations and navigating humanitarian exemptions.

How to apply

To apply, interested candidates are requested to submit a company portfolio to [email protected] detailing:

The types of money transfer services offered.

Experience of providing similar services.

Countries in the levant area  your company provides services (with regional breakdown if applicable).

Turnaround time for money transfer services per country, and three references. 

Attach details of key directors and/or board members of the company or firm.

A.Portfolio should provide these details:  Have a proven track record in high-risk jurisdictions, particularly the Levant area , with at least five years of experience.

The total amount estimate to be transferred during one year is approximately 0.5 to 1.5 million USD. 

The process and timeframe required to deliver the cash disbursements after receiving the money from Search.

Whether you provide reimbursement terms and if so, the grace period that you expect for receiving the money from Search to your account after field delivery.

The transfer rate per country / per area and any relevant amount transfer limitations; 

The currency you deliver in the above areas, an if there is any area with currency type limitation (only receive USD or local currency);

Relevant company registration documents ( including but not being limited to the ID of owner or director), and indicating the country of registration of the account the payments should be made to.

Be in good standing with relevant regulatory authorities.
 

8. Proposal Submission Requirements

Proposals should include:

A briefing about your safety and security policies, including risk management and mitigation practices. 

Plans for ongoing staff training on sanctions, AML, and CTF regulations.

A financial proposal outlining transfer rates and currency management capabilities.

 

9. Evaluation Criteria

Proposals will be assessed based on:

The fees charged for transfer (preferably as a percentage) of the funds, including VAT. 

The robustness of the compliance framework and risk management strategies.

Legal paper of registration. (Commercial, registration, tax documents and Bank details).

Experience and track record in similar high-risk environments.

Financial competitiveness and operational efficiency.

Quality and clarity of the implementation plan.

Expired
Deadline
Monday, 04. Mar 2024
Type of Call
Call for Proposals
Intervention Sector(s):
Conflict Resolution
randomness