Home | News    Monday 15 September 2008

Sudan central bank says Western Union rules on money transfer no longer valid

separation
increase
decrease
separation
separation

September 14, 2008 (KHARTOUM) – The Sudanese central bank issued a policy memoranda instructing banks to void a rule made by Western Union corporation when making money transfers.

JPEG - 9.9 kb
Western Union

The pro-government Sudanese Media Center (SMC) reported that the rule relates to money transfers made to and from government civil servants.

Money transfers by individuals to Sudan through the US based company are subject to more scrutiny than other nations. The extra measures required by the US treasury aim to prevent the flow of money to individuals or companies subject to US sanctions.

Western Union rules prohibit payouts “to any persons, agents, private enterprises, charitable organizations or other establishments linked directly or indirectly in any connection whatsoever to any governmental authorities of Sudan (which term for this purpose includes any governmental agency or entity and the Central Bank of Sudan), or for or on behalf of the Government of Sudan”.

The Sudanese central bank said that it will suspend any financial institution that adheres to this rule. The report said that the measure was taken in response to complaints by government workers.

It was not possible to reach a Western Union official to comment on the report on Sunday.

The move by Sudan may constitute a violation of the sanctions imposed by Washington on the East African nation.

In May 2007 US President Bush signed an order enforcing sanctions against 31 Sudanese companies owned or controlled by Sudan’s government from the U.S. banking system. The sanctions also prevent three Sudanese individuals from doing business with U.S. companies or banks.

(ST)

Comments on the Sudan Tribune website must abide by the following rules. Contravention of these rules will lead to the user losing their Sudan Tribune account with immediate effect.

- No inciting violence
- No inappropriate or offensive language
- No racism, tribalism or sectarianism
- No inappropriate or derogatory remarks
- No deviation from the topic of the article
- No advertising, spamming or links
- No incomprehensible comments

Due to the unprecedented amount of racist and offensive language on the site, Sudan Tribune tries to vet all comments on the site.

There is now also a limit of 400 words per comment. If you want to express yourself in more detail than this allows, please e-mail your comment as an article to comment@sudantribune.com

Kind regards,

The Sudan Tribune editorial team.

Comment on this article



The following ads are provided by Google. SudanTribune has no authority on it.


s
Sudan Tribune

Promote your Page too

Latest Comments & Analysis


Sudan can not give what it does not have 2018-10-16 14:36:47 The Sudanese Regime Tends to Order Righteousness to others while ignoring doing so for itself By Mahmoud A. Suleiman Heads of Failed States in the African Continent are trying to save other (...)

Ethiopia’s PM should review policies 2018-10-14 20:42:05 Ethiopian Prime Minister Dr Abiy Ahmed needs to change course in some of the policies he introduced in Ethiopia before history that brought him to leadership repeat itself. By Lul Gatkuoth (...)

Evaluating the IGAD-led peace mediation in South Sudan 2018-10-09 13:19:50 Lako Jada Kwajok September 12, 2018, marked the signing in Addis Ababa of the revitalised peace agreement also known as Revitalised Agreement on the Resolution of Conflict in the Republic of (...)


MORE






Latest Press Releases


4th Annual Tony Elumelu Foundation Entrepreneurship Forum Announced for 25th October 2018 2018-10-15 12:38:14 PRESS RELEASE OCTOBER 14, 2018 Africa’s leading entrepreneurship-focused philanthropic organisation, the Tony Elumelu Foundation (TEF), has announced October 25, 2018, as the date for its (...)

Unity State community in Kenya supports Khartoum peace agreement 2018-08-17 08:33:21 PRESS STATMENT 14th Aug, 2018 Re: We shall Rally behind Khartoum Peace Agreement The Unity State Community Association in Kenya was established in 2010 to organize and mobilize the people of (...)

The Suspension of Hurriyat Online Newspaper 2018-04-29 07:04:37 Sudan Democracy First Group 28 April 2018 The Sudanese civil and political circles and those concerned with Sudan were shocked by the news that the management of Hurriyat online newspaper has (...)


MORE

Copyright © 2003-2018 SudanTribune - All rights reserved.