21st August 2017
A technical team from the International Monetary Fund (IMF) arrived in Khartoum on Saturday to follow-up on the donor fund to develop an anti-money laundering/counter terrorism funding system. According to the Sudanese network Al-Shorooq, the IMF team, which conducts its tenth visit to Khartoum, includes experts from Australia, Ireland, Canada… Read More
28th July 2017
The Bank of South Sudan on Thursday announced new monetary policies that seek to avert soaring inflation, regulate trading in foreign currency and combat money laundering and financial crime. Central Bank Governor Othom Rago Ajak told reporters that the bank is implementing major financial sector reform strategies it developed in… Read More
13th January 2017
The United States is set to announce the easing of some financial sanctions against Sudan on Friday for its recent efforts in helping tackle terrorism, a senior U.S. official said on Thursday. Read More
19th September 2016
Kenya Commercial Bank (KCB) has been linked to the ongoing money laundering by corrupt government officials in South Sudan, including senior military leaders sanctioned by the United Nations in the wake of the civil war which erupted in December 2013. The US-based The Sentry organization in its report released in… Read More
20th June 2016
South Sudanese finance minister, David Deng Athorbei, has described financial allegations labeled against him as ‘baseless” and threatened to pursue legal measures against those he claimed were spreading “false lies.” The minister said he has read the stories of the allegations in the media, but denied having been involved in… Read More
Must Read

EU adopts Sixth Anti-Money Laundering Directive EU 6AMLD, deadline set

Countries across the European Union will have two years to implement a new system of jail sentences and sanctions for money launderers following the formal adoption of the EU’s latest anti-money laundering directive, dubbed 6AMLD (Sixth Anti-Money Laundering Directive) on 11 October 2018. Once the directive is published in the… Read More

Anti-money laundering compliance costs hit $25 billion annually – study

The cost of AML compliance across U.S. financial services firms equaled $25.3 billion per year based on survey responses from more than 150 decision-makers at banks, investment, asset management and insurance firms, according to a new study. The report shows that smaller firms are hit hardest, relative to their bottom… Read More