Sudan

Criminalises money laundering and terrorist financing (Arts. 35 to 37) and sets customer due diligence, record-keeping and reporting duties for financial and other institutions (Arts. 5 and 6). Art. 12 makes the Financial Information Unit independent with legal personality. It repealed the 2010 law (Art. 2).

Governs the credit information and rating agency. Imposes confidentiality and data-security duties on the agency (Arts. 5, 14, 15, 28), lets customers obtain their credit report and appeal inaccuracies (Art. 18), and obliges information providers to correct proven errors within 10 days (Art. 16(4)).

Gives legal effect to electronic data messages, contracts, records and digital signatures, and recognises electronic payment means such as electronic cheques and payment cards. Sets up the National Committee for Electronic Certification to license certification bodies, and creates criminal offences for forging e-signatures or disclosing encryption keys.

Criminalises unauthorised access to systems and data, interception, disabling systems, computer-assisted fraud and access to credit card data, with prison terms of up to 10 years for the gravest offences. The Council of Europe Octopus page says the Law Combating Cybercrimes 2018 replaced it.

Requires a final licence from the Central Bank for any banking business, sets capital and ownership limits, and lets the Governor inspect banks, issue directives and impose administrative or financial penalties. Provides for a Supreme Sharia Supervisory Board, central bank approval of directors and external auditors, and licence revocation in listed cases.

Sets up the Central Bank with legal personality and a seven-member board (Arts. 5 and 7), lists its objectives and functions including supervision of banking and payment systems (Art. 6), and gives the Governor power to issue binding directives to banks (Art. 43). The consolidated text includes amendments of 2005, 2006 and 2012.

Sets up the Deposit Guarantee Fund as an independent body in Khartoum, chaired by the Central Bank Governor. Banks must join, pay an annual contribution of 0.2% of average deposits, and the Fund repays local-currency depositors up to the guaranteed limit when a bank is liquidated.