Central Bank of Sudan Warns Against Unlicensed Financial App

The Central Bank of Sudan (CBOS) on Wednesday issued an official warning against the use of an unlicensed electronic financial application operating in Rapid Support Forces-controlled areas of South Darfur, stressing that the entity has no authorization to conduct financial or banking activities in Sudan.

In a statement, the bank said it is the only institution legally authorized to issue banking licenses under current laws and regulations. Any dealings with the entity, its platforms, or associated applications constitute a clear violation of national laws, including the 2014 Anti-Money Laundering and Counter-Terrorism Financing Act.

The CBOS urged citizens and official and private institutions not to engage with the entity or any affiliated interface, either domestically or abroad, warning of severe risks such as the lack of legal recourse in cases of password loss, data breaches, or unauthorized access to deposited or transferred funds.

It also noted that using such applications violates international conventions on money laundering, terrorism financing, and the prevention of arms proliferation, emphasizing the bank’s commitment to protecting Sudan’s banking system and citizens’ funds.