BoSS Anti-Money Laundering Workshop Concludes in Juba

(JUBA) – The Bank of South Sudan (BoSS) has concluded a five day workshop aimed at improving the country’s supervision of anti-money laundering (AML) and counter financing of terrorism (CFT) activities.

The training took place in Juba and ended on 18 July 2025, marking a significant step forward in building institutional capacity for financial oversight.

The workshop, which brought together staff from BoSS and the Financial Intelligence Unit (FIU), focused on the Risk Based Approach (RBA) to financial supervision. The approach aims to ensure that financial institutions focus resources on the areas of highest risk to better detect and prevent illegal financial activities. This method is widely recommended under international AML/CFT frameworks such as those by the Financial Action Task Force (FATF).

Hon. Dr. Addis Ababa Othow, Governor of the Bank of South Sudan, urged participants to apply the knowledge they gained during the sessions, saying their role was critical to strengthening the country’s financial integrity. He emphasised that financial professionals were on the frontline of identifying suspicious transactions and protecting the banking sector from abuse.

The sessions were co-led by Dr. Majok Kuol Mading, Acting Director General for Banking Supervision and Financial Stability at BoSS, and Mr. Godwin Ssenyonndo, On-Site Unit Manager from the Bank of Uganda. The cross border cooperation underlined the regional importance of coordinated financial crime prevention.

Dr. Majok and Mr. Ssenyonndo highlighted the need for a proactive and informed regulatory environment that can respond to the growing complexity of financial systems and the evolving nature of financial crime. They also stressed that risk based supervision not only improves compliance but also ensures more efficient use of supervisory resources.

The training aligns with BoSS’s broader strategic goals, including efforts to improve the resilience and stability of the financial system, foster regional cooperation and comply with international obligations.

Through enhancing technical capacity in areas such as on-site inspections, data analysis and red flag identification, the workshop is expected to result in stronger internal controls and a more trustworthy banking system for citizens and investors alike.

This initiative follows several reforms introduced in recent years as South Sudan works to establish a sound financial framework amid post conflict recovery and economic rebuilding. The application of such targeted approaches is seen as vital to attracting foreign investment and reducing the risk of financial isolation.

Summary of Workshop Key Points: