Undersecretary of Justice Ministry Affirms State Seriousness in Combating Money Laundering

The Undersecretary of the Ministry of Justice, Siham Osman, has called on the banks, bankers and the Central Bank to give attention to the issue of combating money laundering and financing of terrorism.

This came in her address to the concluding sitting of the Workshop on the Legal Frameworks for Banking in Sudan, which was organized by the Training Department of the Ministry of Justice, in cooperation with the Savings and Social Development Bank

She emphasized to Sudan seriousness in combating money laundering and terrorism financing, calling on the banks to report about any suspected case of money laundering and terrorism financing to the Financial Information Unit.

It is to be noted that the Undersecretary of the Ministry of Justice is the chairperson of the National Committee for Combating Money Laundering and Terrorism Financing.

Siham pointed to the necessity of introducing amendments in the provisions of the controversial 1990 Act for Sale of Mortgaged Properties to Banks.

She said that the Banks need a lot of work to promote the banking business and to upgrade it to keep pace with foreign banks because of its direct relationship with the economy.

The workshop has issued a number of recommendations aimed at upgrading and enhancing the legal frameworks for the banking work in Sudan.