South Sudan Central Bank Concludes Key Training on Money Laundering and Terrorism Financing

(JUBA) – The Bank of South Sudan (BoSS) has completed a five day training workshop focused on improving the country’s efforts to combat money laundering and terrorism financing through a risk based approach. The workshop, which ended on 18 July 2025, brought together staff from BoSS and the Financial Intelligence Unit (FIU), providing them with practical skills to support financial regulation and oversight.

The workshop is part of South Sudan’s commitment to strengthen financial system integrity and align its anti-money laundering (AML) and counter-financing of terrorism (CFT) mechanisms with international standards. These measures are especially important for a young economy seeking to build trust and credibility in regional and global markets.

BoSS Governor, Hon. Dr. Addis Ababa Othow, told participants their efforts are crucial to transforming the institution and helping safeguard South Sudan’s financial sector. He urged staff to apply the training in their daily duties to make a real impact.

Facilitators included 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. Their joint sessions focused on the application of risk based supervision, a method widely endorsed by international financial bodies to help detect and prevent suspicious financial activity.

The workshop also covered methods to identify vulnerabilities within financial institutions, tailor supervisory strategies to risk levels, and improve compliance monitoring. Participants were trained on how to prioritise high-risk sectors and ensure that banks and other financial institutions are not misused for criminal purposes.

A key element of the workshop was its regional dimension. Cooperation with the Bank of Uganda highlights growing collaboration between East African financial regulators as they work to meet global AML/CFT obligations. Strengthening cross-border supervisory links is expected to improve the flow of financial intelligence and regional stability.

This initiative also supports South Sudan’s efforts to exit international watchlists and meet the evaluation standards of the Financial Action Task Force (FATF), the global body that monitors money laundering risks. As part of this effort, BoSS has been investing in technical training and regulatory reforms.

The training forms part of broader institutional reforms aimed at professionalising financial supervision and boosting the capacity of South Sudan’s regulatory authorities.

Workshop Summary