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Sudan central bank says Western Union rules on money transfer no longer valid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


The 62nd anniversary of Torit popular uprising 2017-08-17 00:23:12 By Arop Madut Arop As the people of the Republic of South Sudan mark and celebrate the 62nd anniversary of August 18th, 1955 Torit uprising, it would extremely be important to recall the events (...)

What is the value of water? 2017-08-14 21:28:25 By Innocent Ntabana When you and I breathe in fresh air, the amount I inhale affects you in no way. This is because air is abundant and so there’s plenty of it to go around. We actually take it (...)

The paradox of weapons collection in Darfur 2017-08-13 09:13:14 By Mahmoud A. Suleiman As a Sudanese people who long for stability, peace and security, we have no objection to the decision to collect unlicensed weapons throughout Sudan, but our reservation (...)


MORE






Latest Press Releases


New group formed to gather Nuer in United States 2017-08-17 14:15:50 DECLARATION FOR THE FORMATION OF NUD TO BRING TOGETHER ALL NUER IN THE U.S.A Press Statement The Nuer Union For Development (NUD) The United State of America The State of Nebraska August 15, (...)

A prominent Sudan Women and Civil rights activist passed away 2017-08-14 21:09:47 The Strategic Initiative for Women in the Horn of Africa (SIHA) Khartoum, Sudan-August 14 2017 In the early hours of Saturday 12th August Fatima Ahmed Ibrahim, a renowned Sudanese leader of the (...)

HRW denounces "collective punishment" in South Sudan’s Wau 2017-04-15 07:06:48 Human Right Watch South Sudan: New Spate of Ethnic Killings Urgent Need for Justice; UN Should Increase Patrols in Wau (Nairobi, April 14, 2017) – Government soldiers and allied militias (...)


MORE

Copyright © 2003-2017 SudanTribune - All rights reserved.