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Sunday 25 Oct 2015 - 12:50 Makkah mean time-12-1-1437
Central Bank of Sudan (Google image)
Khartoum (IINA) – The Financial Action Task Force (FATF) has decided at the conclusion of its meetings held in Paris on Friday to clear the name of Sudan from the list of states having regulatory problems in combating money laundering and financing terrorism, Sudan News Agency (SUNA) reported.
Spokesman for the Bank of Sudan Dr Adam Hazim Abdul Gadir said this decision would allow the Central Bank and other commercial banks to easily effect financial transactions from and to Sudan without restrictions.
He pointed out in a statement to SUNA that this decision comes as culmination for tremendous efforts exerted by the Central Bank and other competent authorities during the past years in this regard.
The FATF is an intergovernmental organization responsible of developing policies to combat money laundering and terrorism financing. It also monitors progress being made by countries in implementing the FATF recommendations in this respect.
AB/IINA
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