Sudan : Detailed Assessment of Observance of the AML/CFT Standard
Crime statistics over past two years, and meetings with the competent authorities, reveal there is a general increase in the level of crimes involving financial gains, people and drug smuggling as well as customs duty evasion. Indicators suggest th...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2021
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/742101468119332812/Sudan-Detailed-assessment-of-observance-of-the-AML-CFT-standard http://hdl.handle.net/10986/36689 |
| Summary: | Crime statistics over past two years,
and meetings with the competent authorities, reveal there is
a general increase in the level of crimes involving
financial gains, people and drug smuggling as well as
customs duty evasion. Indicators suggest that this
criminality is of an organized nature. There are also 3 to 4
cases of serious fraud per year; the value of each
individual case is more than the current capitalization of
several domestic banks, which poses obvious risks to the
stability and soundness of the financial sector. This report
provides a summary of the evaluation of the anti-money
laundering and combating the financing of terrorism
(AML/CFT) measures in place in Sudan as at the date of the
on-site visit. It describes and analyzes those measures, and
sets out Sudan's levels of compliance with the
recommendations. It also provides recommendations on how
certain aspects of the system could be strengthened. |
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