(JUBA) – The Bank of South Sudan (BoSS) has launched a five day training workshop aimed at strengthening the country’s efforts in combating money laundering and the financing of terrorism. The event, held in Juba, began on 15 July 2025 and brings together experts and staff from key financial oversight institutions.
The workshop focuses on applying a risk based approach to Anti-Money Laundering (AML) and Counter-Financing of Terrorism (CFT). This strategy is internationally recognised for identifying and addressing the highest threats to financial systems while ensuring resources are used effectively.
Speaking during the opening ceremony, the First Deputy Governor for Policy and Banking at BoSS, Hon. Samuel Yanga Mikaya, called on participants to take full advantage of the opportunity to learn from experienced professionals and exchange knowledge to enhance their institutional capacity.
The workshop features presentations from both national and regional financial experts. Dr Majok Kuol Mading, Acting Director General for Banking Supervision and Financial Stability at BoSS, and Mr Godwin Ssenyonndo, Manager of the On-Site Unit at the Bank of Uganda, jointly led discussions on how a risk-based model can be effectively applied to AML/CFT supervision in South Sudan.
Staff from the Financial Intelligence Unit and various departments within BoSS are attending the sessions, which are expected to improve coordination, detection systems, and regulatory compliance in line with international standards.
Financial crimes, including money laundering and terrorism financing, are major global challenges. For a developing financial system such as South Sudan’s, enhancing internal mechanisms is crucial for building trust with international partners, safeguarding investments, and preventing the misuse of funds.
The risk based model being promoted at the workshop allows financial institutions to allocate their resources in proportion to the severity of the risks involved. By doing so, institutions can focus more attention on high risk areas while maintaining oversight across the broader financial landscape.
With current reforms, BoSS is positioning itself to meet international benchmarks, which could support the country’s aspirations for deeper integration with regional and global financial networks.
The initiative comes amid broader government efforts to stabilise South Sudan’s economy, increase transparency in public finance, and reduce vulnerability to cross border financial crimes.
Exchange Rate Context (July 2025):
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1 USD = 4,600 SSP
