BoSS Workshop Targets Money Laundering in South Sudan

(JUBA) – The Bank of South Sudan (BoSS) has launched a five day workshop aimed at strengthening the country’s capacity to combat money laundering and the financing of terrorism. The training, held in Juba, focuses on applying a risk based approach to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) supervision.

The workshop brings together staff from the BoSS and the Financial Intelligence Unit, who are receiving practical knowledge and strategies to detect and prevent financial crimes. The initiative reflects South Sudan’s ongoing efforts to improve financial oversight and ensure compliance with international standards.

Speaking at the opening ceremony, BoSS First Deputy Governor for Policy and Banking, Hon. Samuel Yanga Mikaya, encouraged participants to gain insight from experienced professionals and share lessons that could benefit the country’s financial institutions.

The technical sessions are being led by Dr. Majok Kuol Mading, BoSS Acting Director General for Banking Supervision and Financial Stability and Mr. Godwin Ssenyonndo, the On-Site Unit Manager from the Bank of Uganda.

Both facilitators emphasised the importance of risk-based supervision in identifying suspicious financial activity and safeguarding national financial systems.

This training marks an important step in South Sudan’s bid to strengthen its regulatory systems and reduce exposure to financial crimes. It comes at a time when countries in the region are stepping up their efforts to meet global requirements on financial transparency.

The country has faced significant challenges from illicit financial flows, particularly in post conflict contexts where regulatory systems are still developing.

The workshop is expected to close later this week with practical policy recommendations for strengthening AML/CFT frameworks within BoSS operations.