Treasury awards $124K contract for anti-money laundering technical assistance in developing economies

Contract Overview

Contract Amount: $124,142 ($124.1K)

Contractor: Domestic Awardees (undisclosed)

Awarding Agency: Department of the Treasury

Start Date: 2026-04-11

End Date: 2027-04-10

Contract Duration: 364 days

Daily Burn Rate: $341/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 9

Pricing Type: COST NO FEE

Sector: Other

Official Description: PERSONAL SERVICES CONTRACT TO PROVIDE TECHNICAL ASSISTANCE IN ANTI- MONEY LAUNDERING AND COMBATTING FINANCIAL TERRORISM IN DEVELOPING AND TRANSITIONING ECONOMIES. NEW AWARD.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20220

State: District of Columbia Government Spending

Plain-Language Summary

Department of the Treasury obligated $124,141.72 to DOMESTIC AWARDEES (UNDISCLOSED) for work described as: PERSONAL SERVICES CONTRACT TO PROVIDE TECHNICAL ASSISTANCE IN ANTI- MONEY LAUNDERING AND COMBATTING FINANCIAL TERRORISM IN DEVELOPING AND TRANSITIONING ECONOMIES. NEW AWARD. Key points: 1. Contract focuses on critical areas of financial crime prevention. 2. Full and open competition suggests a potentially competitive bidding process. 3. Awarded as a definitive contract, indicating a standard procurement vehicle. 4. The contract duration is one year, suggesting a focused, short-term engagement. 5. The relatively low award amount may indicate a pilot program or specialized support. 6. Technical assistance aims to bolster financial system integrity in target economies.

Value Assessment

Rating: good

The award amount of $124,141.72 for one year of technical assistance appears reasonable for specialized expertise in anti-money laundering (AML) and combating the financing of terrorism (CFT). Without specific benchmarks for this niche service, it's difficult to definitively assess value for money. However, the cost-no-fee contract type suggests the contractor's profit is built into the overall cost structure, which can sometimes lead to more competitive pricing. Further analysis would require comparing this to similar consultancy contracts for AML/CFT expertise in international development.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit bids. This approach generally fosters a competitive environment, potentially leading to better pricing and quality. The data does not specify the number of bids received, but the method itself suggests a deliberate effort to explore the market and secure the best possible offer. The absence of a sole-source or limited competition justification implies a robust process.

Taxpayer Impact: A full and open competition process is generally favorable for taxpayers as it increases the likelihood of receiving competitive pricing and high-quality services by allowing a wider pool of potential contractors to bid.

Public Impact

Developing and transitioning economies will benefit from enhanced capabilities to combat financial crime. The services delivered will strengthen the integrity and stability of financial systems in recipient countries. Geographic impact is focused on international development, supporting global financial security. Workforce implications include the potential for knowledge transfer and capacity building within the financial sectors of beneficiary nations.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics makes it difficult to gauge the effectiveness of the technical assistance.
The undisclosed domestic awardees prevent an assessment of contractor track record and past performance.
The relatively short duration of the contract may limit the depth of impact achievable.
The specific technical assistance areas within AML/CFT are not detailed, raising questions about the scope.

Positive Signals

The contract is awarded through full and open competition, suggesting a fair and transparent procurement process.
The focus on AML/CFT is critical for global financial stability and combating illicit activities.
The contract is a definitive contract, a standard and well-understood procurement instrument.
The cost-no-fee structure can sometimes indicate a focus on service delivery over profit maximization.

Sector Analysis

This contract falls within the professional services sector, specifically focusing on financial consulting and technical assistance related to regulatory compliance and security. The market for AML/CFT expertise is specialized, often involving firms with deep knowledge of financial regulations, international law, and emerging threats. While the specific dollar amount is modest, it represents a commitment to addressing a critical global issue. Comparable spending in this niche area can vary widely depending on the scope and duration of engagements, but typically involves high-value expertise.

Small Business Impact

The data indicates that small business participation is not a primary focus for this specific award, as the 'small business set-aside' field is false. There is no explicit mention of subcontracting requirements for small businesses. This suggests that the primary awardee is likely a larger entity or that the nature of the specialized services required did not lend itself to a small business set-aside. Further investigation into the prime contractor's subcontracting plan would be necessary to understand the full impact on the small business ecosystem.

Oversight & Accountability

Oversight for this contract would typically fall under the Department of the Treasury's internal review processes and potentially the Office of the Inspector General, depending on the nature and scale of any issues that arise. As a definitive contract awarded through full and open competition, standard procurement regulations and oversight mechanisms would apply. Transparency is facilitated by the public nature of contract awards, though specific details of the technical assistance provided may be sensitive.

Related Government Programs

Anti-Money Laundering Programs
Combating Financial Terrorism
International Development Assistance
Financial Sector Support
Technical Assistance Contracts

Risk Flags

Contractor identity not disclosed, hindering past performance review.
Specific deliverables and success metrics are not detailed.
Effectiveness dependent on recipient country's capacity and political will.
Short contract duration may limit long-term impact.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $124,141.72 to DOMESTIC AWARDEES (UNDISCLOSED). PERSONAL SERVICES CONTRACT TO PROVIDE TECHNICAL ASSISTANCE IN ANTI- MONEY LAUNDERING AND COMBATTING FINANCIAL TERRORISM IN DEVELOPING AND TRANSITIONING ECONOMIES. NEW AWARD.

Who is the contractor on this award?

The obligated recipient is DOMESTIC AWARDEES (UNDISCLOSED).

Which agency awarded this contract?

Awarding agency: Department of the Treasury (Departmental Offices).

What is the total obligated amount?

The obligated amount is $124,141.72.

What is the period of performance?

Start: 2026-04-11. End: 2027-04-10.

What is the specific expertise the contractor will provide in AML/CFT?

The provided data indicates the contract is for 'TECHNICAL ASSISTANCE IN ANTI- MONEY LAUNDERING AND COMBATTING FINANCIAL TERRORISM IN DEVELOPING AND TRANSITIONING ECONOMIES.' However, it does not specify the precise nature of this technical assistance. This could range from policy development and regulatory drafting to training of personnel, implementation of new financial technologies for monitoring, or investigative support. The scope is broad, and without further details on the Statement of Work (SOW), it's difficult to pinpoint the exact services. Future analysis should seek to clarify the specific deliverables and areas of focus within AML/CFT that the contractor will address.

How does the $124,141.72 award compare to similar AML/CFT technical assistance contracts?

Benchmarking this specific award requires access to a broader dataset of similar contracts. However, for a one-year definitive contract focused on technical assistance in AML/CFT for developing economies, $124,141.72 appears to be on the lower end, suggesting a potentially focused scope or a pilot initiative. Larger, multi-year engagements for comprehensive AML/CFT reform or capacity building in multiple countries can run into millions of dollars. This award might represent specialized advisory services, training modules, or support for a specific project within a larger development framework. A direct comparison would necessitate identifying contracts with similar objectives, geographic scope, and duration.

What are the potential risks associated with this contract?

Several potential risks exist for this contract. Firstly, the effectiveness of technical assistance can be difficult to measure, especially within a one-year timeframe, leading to concerns about value for money if outcomes are not clearly defined or achieved. Secondly, the success of AML/CFT initiatives is heavily dependent on the political will and institutional capacity of the recipient countries, which are external factors beyond the contractor's control. Thirdly, the undisclosed nature of the domestic awardees prevents an assessment of their past performance and potential risks related to contractor reliability or capability. Finally, the broad nature of 'technical assistance' could lead to scope creep if not managed tightly.

What is the track record of the contractor in providing AML/CFT services?

The provided data does not disclose the identity of the domestic awardee, making it impossible to assess their track record in providing Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) services. To evaluate the contractor's reliability and expertise, information regarding their previous contracts, client references, and demonstrated success in similar international development contexts would be necessary. Without this information, the assessment of contractor performance is limited to the general assumptions associated with the procurement process (full and open competition).

What is the historical spending pattern for AML/CFT technical assistance by the Department of the Treasury?

The provided data is for a new award and does not offer historical spending patterns for AML/CFT technical assistance by the Department of the Treasury. To understand historical spending, one would need to analyze procurement data over several fiscal years, looking for contracts with similar objectives, agencies, and keywords related to AML/CFT and international development. This would reveal trends in funding levels, types of services procured, and the primary contractors involved. Without this broader dataset, it's impossible to contextualize this $124,141.72 award within Treasury's overall investment in this area.

Industry Classification

NAICS: Public Administration › National Security and International Affairs › International Affairs

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 2032K826R00008

Offers Received: 9

Pricing Type: COST NO FEE (S)

Evaluated Preference: NONE

Contractor Details

Address: 1800 F ST NW, WASHINGTON, DC, 20405

Business Categories: Category Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $1,149,004

Exercised Options: $216,420

Current Obligation: $124,142

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline