SUDAN NEWS ALERT: Reuters - Sudan’s military council orders seizure of “suspect” funds – state news agency

17/4/19: Reuters – Sudan’s military council orders seizure of “suspect” funds – state news agency

Sudan’s ruling Transitional Military Council ordered the central bank to review financial transfers since April 1 and to seize “suspect” funds, state news agency SUNA reported.

 The TMC ordered the “suspension of the transfer of ownership of any shares until further notice and for any large or suspect transfers of shares or companies to be reported” to authorities.

 In a separate decree, the council said all state entities should disclose financial holdings within 72 hours, and that those who did not comply could be fined and face up to 10 years in prison.

The decree applies to bank accounts and holdings of foreign currency as well as precious metals and jewellery inside and outside Sudan.