A three-year investigation by The Sentry into a loan deal between a local company and a regional bank— with the backing of the South Sudan government—has uncovered red flags for illicit business practices, including bribery, tax evasion, and trade-based money laundering. The investigation found clear indications that the arrangement enabled powerful individuals to benefit from the manipulation of business worth hundreds of millions of dollars. The loan deal skirted legislation on oversight, transparency, and competition…
Entries by SENTRY
This report looks beyond borders and reviews how enablers—including banks, financial institutions, and professionals, as well as less recognized international operators and insiders—help operate a “successful” kleptocratic regime. It highlights the importance of these enablers and their links to illicit financial flows and associated conflict and human rights abuses, and it provides a checklist for governments and financial institutions to apply when using financial tools of pressure. Download
This report maps out the corruption and the conflict-financing system in South Sudan and describes the likely channeling of illicit money flows. The primary goal of this report is to focus on the mechanics of the system, rather than specific individuals or their networks of facilitators and enablers. Download