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South Sudan criminalizes money-laundering

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March 17, 2012 (JUBA) – The eight month old independent state of South Sudan has criminalised money laundering as part of an ongoing effort to arrest the rampant corruption in the country.

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Government of South Sudan cabinet meeting (ST)

Over one billion US dollars of public money disappeared between 2005 - 2006 alone, the first years of the interim period after formation of the semi-autonomous government by the current ruling former rebels, the Sudan People’s Liberation Movement (SPLM), according to the recent official report by the Auditor General.

Many more billions of dollars are also feared missing or unaccounted for between 2007 - 2011, as this period also witnessed the infamous “grain saga” worth of billions of dollars.

Millions of dollars were also reportedly smuggled in bags across the international borders from South Sudan and vice versa.

On Friday the cabinet introduced the anti-money laundering bill requiring financial and non-financial institutions to identify and report transactions of suspicious nature.

In the meeting chaired by the country’s vice president, Riek Machar, the minister of justice, John Luk Jok, presented the bill, which was approved following deliberations by the cabinet. The bill calls for the establishment of a financial intelligence unit in the country to help the banks verify a customer’s identity and monitor transactions for suspicious activity.

Bank employees such as tellers and customer account representatives will be trained in anti-money laundering and will have instructions to report activities that they deem suspicious including the activity of financing terrorism. Such anomalies would include any sudden and substantial increase in funds, a large withdrawal, or moving money to a bank secrecy jurisdiction.

South Sudan’s Anti Corruption Commission’s (SSACC) chairperson, Justice John Gatwech Lul, last week said his institution was also working out mechanisms with international banking institutions around the world to use the latest techniques of detecting and recovering “stolen” money.

Senior government officials have begun to declare their income and assets including the organised forces as the 31st March deadline nears. The latest to declare their income and assets this week to the SSACC were the top generals of the police force headed by the Inspector General of Police, General Acuil Tito.

Gatwech warned that there will be sanctions against those who may present false information on income and assets, including automatic confiscation of their undeclared income and assets when found out.

The SSACC keeps the declared income and assets confidential until they carry out investigations into the sources of such incomes and assets of the individuals.

(ST)

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  • 17 March 2012 06:13, by Mi diit

    May God help South Sudan to stop corruption and punish the culprits. Those who stole the public money are responsible for the underdevelopment in South Sudan and should be punished. I believe someday some people will be held accountable and brought to book.

    repondre message

    • 17 March 2012 06:23, by Michael Angelo

      I agree with you man. Although SPLM is my party I doubt their credibility of fighting Corruption. Corruption will never be eradicated by this party whatsoever.

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      • 17 March 2012 20:27, by Justin Chicago opiny

        Corruption can be stopped as long as the "Zero Tolerance" declared by the president is made to work.Anything is possible if and when we put our thoughts and hands together.

        Corruption,tribalism,nepotism,favouritism just any "ISM" must be brought to the end then shall we see the light at the end of the tunnel.It is the duty of every citizen to get involve in this fight to stop corruption.

        repondre message

        • 18 March 2012 02:33, by Tiger

          Lairs lairs,SPLA have disgrave their own party because they’re all corrupted from the top started with mr.Kiir to the last person in his party.the only way corruption can be stopped is through him first,but who can dictate his as superiority,i guess no one.your days and time is numbered like criminal Bashir,you will face justice whenever the new administration will take over.shame on spla.

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    • 17 March 2012 09:28, by Isaac Khamis

      It is too late for you guys to identify the money that being smuglling out of the Country. the evidence was already identify when Stephen Madut Baak was caught at London international Air port with 3 millions Dollars which he said he was going to establish the SPLM office while the office was existing since 1984. Also Aruthar Akuein chol was Arrested in 2006 he took 6o,oooooo millions USD.

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    • 17 March 2012 09:37, by Isaac Khamis

      billion and millions disappeared between 2006 and 2011.who was running the government by then. Ashame of you all South Sudan Politicans I think everyone has involves this is why everybody kept silent. Will you vote for them again.

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    • 17 March 2012 13:00, by Liberal

      It is a mere looting and to make it worse, the government of South Sudan is promoting corruption not fighting it because some corrupt ministers would have not been appointed after the declaration of the Independent. though there is corruption all over the globe, the degree it is being practiced in South Sudan is beyond description n there is no doubt that South Sudan will be among the fail states

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    • 17 March 2012 20:47, by Thiang Geka

      Mr Midit you are right a lot of Government officials are going to apear in court

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      • 18 March 2012 05:26, by Bolman

        what court you talking about there is no thives who can take another thives like him to court,my suggestion resultion if we the southerness wanna solved to end the corruption addicted let talks about how changing the regim without that, the corruption party will continuing using their delaying tactices to blindfuled others Southerness by pushing their zero planless of anti corruption commission

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  • 17 March 2012 06:25, by Alagaya

    Run theft Run! you better run for your life. No culture in Southern sudan will accommodate you. Your belly is full of our resourse. Our brothers’ blood will hunt you down.This time we will only trust normal citizens,but not the top folks in government. Anyway I hope the Dude who are chasing the theft are clean.

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    • 17 March 2012 07:04, by Acinitos

      It sound good but who will catch who if everybody is involve,according to sources printed in this page there are so many millionners in government office with in few months of theirs office term,what is grantee even those who are investigating if that kind of amount pass their way they can remain faithfull to theirs jobs.

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  • 17 March 2012 07:53, by Nuer-achiben

    when the leaders express how they should do things they are very prefessional in word they express, but this is nothing to me and many others,due to fact that they are the very people who have been doing the corruption since 2005 up to now,it like when someone need to be elected to post is friend to everybody but when getting the job, then forget every one now.

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  • 17 March 2012 08:30, by viper

    Any discussion in this country involving the issues of money stolen or money to be stolen is useless and a waste of time because we in South Sudan have no crocodile in the river. This means that he/who gets a chance to loot now is free to do so since there is no crocodile in the river ROSS

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    • 17 March 2012 09:43, by Ruach

      Hey It is like what Nyandeng De Mabior denied her asset(White Bull Beer company).Nobody will tell her exact assets except the Vice President and the next President of South Sudan Dr Riek Machar

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  • 17 March 2012 10:16, by Lual Ngor Lual

    "South Sudan criminalized money laundering" And so it was not criminal act all through! What does that say about you? You are nothing but a group of individuals who are united in draining Southerners dry. You should be careful in wording your press-release, for you disappoint distance observers more.

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    • 17 March 2012 10:30, by Logic

      Lual

      You’re right, the title is misleading, I think its irresponsible journalism. It has always been and will be a crime to launder money but I think its one of many necessary legislation in the young country that have not been approved by the cabinet for the parliament to enact.

      The ruling elite have certainly learned a great deal from the renowned university of corruption in the Khartoum.

      repondre message

  • 17 March 2012 10:21, by Rommel

    I don’t quite know of what to make of this. Are people suppose to be buoyed by this ostentatious action!? To now declare that money-laundering has been outlawed... is to tacitly acknowledge that it was at some point perfectly legal; that it was acceptable for the entire duration of the interim period! I sincerely hope that this salient admission isn’t lost on these imbeciles!

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  • 17 March 2012 10:30, by Longa

    Guys this problem of money laudery is perpetrated by some elements within the government system. This report of money lost betwn 2005 and 2011 does not hold water in my opinion. It is really laughable to hear this. It means the Bank of Southern Sudan was run by people who do not know how to account for where the money was going. First of all, is there any respect of law in South Sudan.

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    • 17 March 2012 13:53, by Loko El Pollo

      AT THE TIME THERE WERE LOOPHOLES WHERE THIEVES FOOLED THE GOV STAFFS.BUT NOW THING HAVE CHANGED.THE LAWS ARE IN PLACE.MOST OF THE MONEY UNACCOUNTED FOR WERE STOLEN THROUGH OVER INFLATED CONTRACTS AND ASSISTENCESMUTHADEET

      repondre message

  • 17 March 2012 12:49, by pabaak

    Is not just a matter of declaring assets that will make people free of corruptions, if mr/ms X declare a millions of dollars ,or mansion in foreign country, is not enough that people will make you a corrupt-free person. so the anti-corruption this time has to probe they are better than previous one.

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  • 17 March 2012 13:57, by 4Justice

    This Government is so rotten and dirty beyond belief. No Godly man can accept a job in this useless Government. Look, the man has appointed that infamous thief caught at Heathrow airport with millions of dollars as an ambassador.

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  • 17 March 2012 14:17, by 4Justice

    I wish one day these greedy looters are caged in a zoo like animals to attract trourists.The money collected from the tourist can then be used to provide the public clean drinking water.

    repondre message

  • 17 March 2012 15:32, by Emporio

    while they promise liberty,they themsevles are the servant of corruption a bansh of gang coming from life of crime having nothing to loose,they lucky to be in high profile position,no strategy no talent not even experience,some adopted gorilla life style,and they running the country like they going to loose it tomorrow,

    repondre message

  • 17 March 2012 18:20, by Good Citizen

    hey,
    i welcome this bill; establishing Financial Intelligence unit.just like military/police intelligence unit, they should be given thorough and etraordinary training and nework goes down to states and counties.this is a wonderful bill! it will break down the crime of collision to siphon public finance.the intelligence information should then be given to Anicorruption/police.all the banks and ins

    repondre message

  • 18 March 2012 04:31, by 4Justice

    What financial Intelligence? these chicken necks can’t even produce Annual Financial Reports!

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  • 19 March 2012 10:13, by eye-of-an-eye

    I welcome this bill, I request the goverment to recrute me for this job though for volunteery, I should do for the sake of our own people and country, I’m data developer and programer, is my best work I should do, lets fiçght coruption to zero tolerance. we know who stolen this huge amount have share with all these top official in the goverment, not accuses but the truth.

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