News / / 06.11.18

Associated Press: US Urges Regional Governments to Block South Sudan War Money

KAMPALA, Uganda — A U.S. Treasury official is urging East African governments to tighten the loopholes that allow illicit money from war-torn South Sudan to cross into regional capitals.

Under Secretary for Terrorism and Financial Intelligence Sigal Mandelker said in Uganda Monday that authorities in neighboring countries like Uganda must make it clear that “corrupt money is not wanted here.”

It is widely believed that many South Sudanese government officials have invested heavily in real estate in cities such as Kampala, the Ugandan capital, where it is still possible to pay cash in real estate transactions…

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