Featured Sudan

U.S. Imposes Sanctions on Network for Allegedly Helping Blacklisted Russian Businessman

The U.S. imposed sanctions on a network of individuals and entities it claims helped Russian businessman Yevgeniy Prigozhin evade U.S. sanctions. The Treasury Department blacklisted Mr. Prigozhin in 2018 for his alleged involvement in interfering with U.S. elections and the alleged financing of the Internet Research Agency. IRA, a… Read More

Sudan trade prospects “hopeful” despite precarious political situation

Sudan remains a difficult place to do business, with a groundbreaking new study uncovering signs of widespread trade misinvoicing across its oil and gold exports. However, despite its precarious economic and political situation, hopes are growing that the country could soon be in a position to open its doors to… Read More

In Sudan, traced Bashir regime assets ‘tip of iceberg’

Sudanese authorities have begun to recover billions of dollars of real estate illegally amassed by deposed ruler Omar Bashir’s regime, but other assets will be difficult to seize, experts say. “Initial estimates indicate that the real estate and properties owned by the former regime … range (in value) from $3.5… Read More
25th May 2020
Sudan has confiscated $4 billion (Dh14.6b) worth of assets from former president Omar Al Bashir, the country’s anti-corruption body said. Al Bashir’s decades-long rule came to an end last year when the army moved to remove him as head of state amid nationwide mass protests. Since then, the country has… Read More
8th May 2020
A Sudanese anti-corruption committee said on Thursday that it will confiscate several large plots of land and residential properties in the capital Khartoum from relatives of ousted President Omar al-Bashir after investigations found they were acquired largely due to family ties. The Empowerment Removal Committee said it confiscated property from… Read More
6th May 2020
A company linked to Sudan’s most powerful militia leader is surrendering a network of mines that at one stage produced a third of the nation’s gold, as his group battles accusations of corruption and brutality. Mining ministry officials are assessing the value of the area in the Jebel Amer region… Read More
6th March 2020
Several banks in Sudan are introducing Visa payment systems as the country seeks to develop its financial sector following decades of isolation, a central bank official and the U.S. financial services company said. Bank of Khartoum, Qatar National Bank and United Capital Bank (Bank Almal) have received approval to start… Read More
20th February 2020
The Public Prosecution Office dealing with corruption and financial investigations summoned the ousted president Omar Al Bashir for questioning on Sunday. The Prosecution suspects Al Bashir of money laundering, corruption, and forbidden and suspicious wealth. The Prosecution always wants to question Al Bashir about the role of the former government… Read More
18th December 2019
The shadowy interests of Yevgeny Prigozhin — a Russian businessman and close associate of President Vladimir Putin — have just become a little clearer. Over the past year, reporters from OCCRP’s Russian partner, Novaya Gazeta, tracked the registration details and movements of business jets linked to Prigozhin. They reveal significant… Read More
16th December 2019
Sudan’s former president Omar Al Bashir was convicted on Saturday of corruption by a Khartoum court. He was sentenced to two years in a rehabilitation facility, bringing to an end a four-month trial. His conviction caps a year of monumental change in one of Africa’s largest countries, with Al Bashir’s… Read More
20th November 2019
Five years after agreeing to pay a record fine for sanctions violations, BNP Paribas S.A. has made structural changes to its compliance division—an effort to strengthen the independence of the bank’s compliance function and improve ethical culture. The efforts have included setting compliance as an independent function that… Read More
25th October 2019
Sanctions programs levied on some Sub-Saharan African countries could be made more effective by targeting specific networks rather than comprehensive sanctions against an entire country, a new report says. The report, published by policy advocacy group The Sentry on Thursday, evaluates the effectiveness of sanctions programs currently or previously… Read More
19th September 2019
British Arab Commercial Bank PLC agreed to pay $4 million to settle allegations that it violated U.S. sanctions on Sudan, the U.S. Treasury Department said. The Treasury had alleged that the London-based commercial bank, with no presence in the U.S., processed payments of hundreds of millions of U.S. dollars related… Read More