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...

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Main Authors:	International Monetary Fund, World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM FINANCIAL REGULATION FINANCIAL OVERSIGHT LEGAL SYSTEM SUSPICIOUS TRANSACTIONS PREVENTIVE MEASURES INTERNATIONAL COOPERATION
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

id	okr-10986-36689
recordtype	oai_dc
spelling	okr-10986-366892021-12-09T05:10:42Z Sudan : Detailed Assessment of Observance of the AML/CFT Standard International Monetary Fund World Bank ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM FINANCIAL REGULATION FINANCIAL OVERSIGHT LEGAL SYSTEM SUSPICIOUS TRANSACTIONS PREVENTIVE MEASURES INTERNATIONAL COOPERATION 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. 2021-12-08T15:18:28Z 2021-12-08T15:18:28Z 2005-04 Report http://documents.worldbank.org/curated/en/742101468119332812/Sudan-Detailed-assessment-of-observance-of-the-AML-CFT-standard http://hdl.handle.net/10986/36689 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Anti-Money Laundering/CFT Assessment Economic & Sector Work Africa Sudan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM FINANCIAL REGULATION FINANCIAL OVERSIGHT LEGAL SYSTEM SUSPICIOUS TRANSACTIONS PREVENTIVE MEASURES INTERNATIONAL COOPERATION
spellingShingle	ANTI-MONEY LAUNDERING COMBATING THE FINANCING OF TERRORISM FINANCIAL REGULATION FINANCIAL OVERSIGHT LEGAL SYSTEM SUSPICIOUS TRANSACTIONS PREVENTIVE MEASURES INTERNATIONAL COOPERATION International Monetary Fund World Bank Sudan : Detailed Assessment of Observance of the AML/CFT Standard
geographic_facet	Africa Sudan
description	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.
format	Report
author	International Monetary Fund World Bank
author_facet	International Monetary Fund World Bank
author_sort	International Monetary Fund
title	Sudan : Detailed Assessment of Observance of the AML/CFT Standard
title_short	Sudan : Detailed Assessment of Observance of the AML/CFT Standard
title_full	Sudan : Detailed Assessment of Observance of the AML/CFT Standard
title_fullStr	Sudan : Detailed Assessment of Observance of the AML/CFT Standard
title_full_unstemmed	Sudan : Detailed Assessment of Observance of the AML/CFT Standard
title_sort	sudan : detailed assessment of observance of the aml/cft standard
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/en/742101468119332812/Sudan-Detailed-assessment-of-observance-of-the-AML-CFT-standard http://hdl.handle.net/10986/36689
_version_	1764484708440211456

Sudan : Detailed Assessment of Observance of the AML/CFT Standard

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