South Sudan Central Bank sets cash withdrawal limit ...Sudan

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South Sudan Central Bank sets cash withdrawal limit
September 16, 2024 (JUBA) – The maximum cash withdrawals across all channels at the Bank of South Sudan and all commercial banks shall not exceed SSP 10,000,000, the Central Bank said on Monday. Withdrawals exceeding SSP 10m, it stated, shall either be deposited through a bank account within the banking industry or through interbank transactions, including mobile money operators. “The bank will further enforce compliance with ex-ante AML/CTF [Anti-Money Laundering /Countering the Financing of Terrorism] regulations relating to KYC [Know Your Client] and customer due diligence”, the Central Bank noted. In the September 16, 2024 circular, the bank encouraged clients to use alternative authori

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