South Sudan Country Summary
Higher Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Higher Concern
Terrorism
Medium Concern
Corruption
Higher Concern
US State ML Assessment
Medium Concern
Criminal Markets (GI Index)
Medium Concern
EU Tax Blacklist
Lower Concern
Offshore Finance Center
Lower Concern
Please note that although the below Summary will give a general outline of the AML risks associated with the jurisdiction, if you are a Regulated entity then you may need to demonstrate that your Jurisdictional AML risk assessment has included a full assessment of the risk elements that have been identified as underpinning overall Country AML risk. To satisfy these requirements, we would recommend that you use our Subscription area.
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Anti Money Laundering
FATF Status
South Sudan is on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
South Sudan has not yet undertaken a Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards.
Sanctions
International sanctions against South Sudan include measures imposed by the United Nations and the European Union, which target individuals obstructing the political process and committing serious human rights violations. These sanctions consist of asset freezes, travel bans, and an arms embargo, aimed at promoting peace and stability in the region while addressing ongoing human rights abuses.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 8 |
| World Bank: Control of Corruption Percentile Rank | 0 |
South Sudan faces a severe crisis of corruption and crime, characterized by a lack of enforcement of existing laws and a pervasive culture of impunity among politically connected individuals. The government's failure to combat organized crime is compounded by a weak justice system, where law enforcement is often implicated in criminal activities, and civil society organizations face harassment and intimidation when attempting to address these issues.
Economy
The economy and investment climate in South Sudan remain challenging, with no significant improvements in trade and investment conditions over the past year. The Revitalized Transitional Government of National Unity has been slow to implement necessary reforms, extending the transitional period and delaying critical public financial management reforms aimed at combating corruption and enhancing transparency. South Sudan's economy is heavily reliant on oil revenue, yet pervasive corruption, a dysfunctional legal system, and a lack of skilled labor and infrastructure continue to deter foreign investment, exacerbating the risks for businesses operating in the country.
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