Sudan Country Summary
Medium-High Risk
View full Ratings TableSanctions
Higher Concern
FATF AML Deficient List
Lower Concern
Terrorism
Medium Concern
Corruption
Higher Concern
US State ML Assessment
Lower 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
Sudan is no longer on the FATF List of Countries that have been identified as having strategic AML deficiencies
Compliance with FATF Recommendations
It should be noted that the new style FATF Mutual Evaluation has not yet been undertaken.
The last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing standards in Sudan was undertaken by the Financial Action Task Force (FATF) in 2013. According to that Evaluation, Sudan was deemed Compliant for 0 and Largely Compliant for 4 of the FATF 40 + 9 Recommendations. It was Partially Compliant or Non-Compliant for 5 of the 6 Core Recommendations.
Sanctions
International sanctions against Sudan include an arms embargo and restrictions on the supply of technical, financial, and other military-related assistance, as imposed by the United Nations and the European Union. Additionally, there are measures such as asset freezes and travel bans targeting specific individuals and entities associated with the Sudanese government.
Criminality
Rating |
0 (bad) - 100 (good) |
|---|---|
| Transparency International Corruption Index | 15 |
| World Bank: Control of Corruption Percentile Rank | 4 |
Crime and corruption in Sudan are pervasive, with a deeply entrenched culture of impunity among government officials, despite existing laws aimed at curbing such activities. The country is also a significant hub for human trafficking, smuggling, and various illicit trades, including arms and drugs, exacerbated by a governance crisis and a lack of effective law enforcement resources.
Economy
Sudan's economy and investment climate have been significantly affected by political instability following the military coup in October 2021, which disrupted the previous Civilian-Led Transitional Government's reform efforts. The military's takeover has led to economic uncertainty, including a depreciating national currency and rising prices for essential goods, while international financial assistance has been largely suspended due to the lack of progress towards restoring civilian governance. Despite the challenges, Sudan remains open to foreign direct investment, particularly in sectors like mineral extraction and agriculture, although issues such as inadequate infrastructure, bureaucratic hurdles, and endemic corruption pose substantial barriers for potential investors.
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