CBOS Warns Against Dealing with Unlicensed Financial App Linked to RSF Militia

Sudanhorizon – Hala Hamza

The Central Bank of Sudan on Wednesday warned against the emergence of an unlicensed electronic financial application operating in areas controlled by the Rapid Support Forces (RSF) militia in South Darfur.

In a statement, the Bank cautioned that the entity in question is not licensed to operate in Sudan, and that any dealings with it constitute a violation of national laws and the Anti-Money Laundering and Counter-Terrorism Financing Act of 2014.

The Central Bank directed the public, as well as official and private institutions, not to engage with the application or any of its platforms, services, or transactions, whether inside or outside Sudan.

It also warned of several risks associated with the application, including the absence of a legal reference in cases of lost or compromised passwords or access codes, the lack of guarantees in the event of theft or loss of deposited or transferred funds, and violations of international laws and conventions related to combating money laundering, terrorism financing, and the proliferation of weapons.

The statement noted that the civil administration formed by the rebel militia in areas under its control in East Darfur had established a banking system through the creation of what it called the “Future Bank.”

At the time, the head of the administration, Mohamed Idris Khater, claimed that the system was secure and provided electronic money transfer services, aiming to address the absence of a banking system and the cash liquidity crisis in Darfur and Kordofan.

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