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Sudanese Authority Issues Guidelines on Document Requirements for Business Relationships

Khartoum, Sudan - The Foreign Registration Authority has announced that documents issued by foreign registration authorities and authenticated in Sudan shall be provided for non-profit organizations and associations registered outside Sudan.

New Guidelines for Institutions

The guidelines, which came into effect today, require institutions to obtain specific documentation before establishing a business relationship with customers. According to the circular:

• Verify the identity of customers and beneficial owners through reliable sources, including:
  • Identification data
  • Documents proving authorization
  • Information about the purpose of the business relationship

Enhanced Due Diligence Measures for High-Risk Relationships

For legal persons and legal arrangements, institutions must:

• Identify each natural person who owns or controls more than 10% of the entity
• Identify any other person who exercises control
• Determine the identity of the person responsible for managing the entity in cases where this is not possible

Additionally, institutions are required to take enhanced due diligence measures, including:

• Obtaining additional documents and information
• Conducting regular reviews
• Implementing strict monitoring procedures

Prohibited Practices

Institutions are prohibited from:

• Opening or retaining anonymous accounts
• Accounts under fictitious names

Before establishing a business relationship with a customer, institutions must also verify that the customer’s name is not included in lists of defaulters or blacklisted customers issued by the Central Bank of Sudan.

Purpose and Objectives

The circular aims to prevent money laundering and terrorism financing by ensuring that institutions have robust procedures for identifying and verifying the identity of customers and beneficial owners.