Sudan regulates AML/CTF through its Financial Information Unit under the Combating Money Laundering Act. See the obligations and how MemberCheck supports them.
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Sudan regulates money laundering and terrorist financing through the Combating Money Laundering and Terrorism Financing Act 2014, with compliance supervised by the sector regulators, chiefly the Central Bank of Sudan, the Financial Market Regulatory Authority, and the Insurance Supervision Authority. The Financial Information Unit, an independent unit under the Central Bank, is the separate financial intelligence unit and receives and analyses suspicious transaction reports.
Regulated entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FIU. Given targeted UN, US, and EU sanctions programmes relating to Sudan, firms should also screen against applicable sanctions lists as part of standard due diligence.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
The Central Bank of Sudan supervises banks, exchange companies, financial services firms, and insurers for AML/CTF compliance, alongside the Financial Market Regulatory Authority and the Insurance Supervision Authority. Designated non-financial businesses answer to their own bodies, including the General Union of Sudanese Lawyers and the Accountancy and Audit Profession Organizing Council.
Sudan's financial intelligence unit, established in 2010 as an independent unit under the Central Bank of Sudan and an Egmont Group member since 2017. It receives and analyses suspicious transaction reports and passes them to the competent prosecution.
Sudan's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for financial institutions and other obligated entities.
Firms dealing with Sudanese counterparties should account for targeted UN, US, and EU sanctions programmes relating to Sudan alongside standard AML due diligence.
Sudan is a member of the Middle East and North Africa Financial Action Task Force, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Supervision sits with the sector regulators. The Central Bank of Sudan inspects banks, exchange companies, financial services firms, and insurers for compliance, alongside the Financial Market Regulatory Authority and the Insurance Supervision Authority, while professional bodies cover lawyers, accountants, and other designated non-financial businesses. The Financial Information Unit, an independent unit under the Central Bank, is the separate financial intelligence unit and receives and analyses suspicious transaction reports.
The Combating Money Laundering and Terrorism Financing Act 2014 sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities in Sudan.
Sudan is a member of MENAFATF, the FATF-style regional body for the Middle East and North Africa. Firms should also account for targeted sanctions programmes relating to Sudan.
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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