The Central Bank of Sudan has issued a stark warning against an unlicensed mobile money transfer platform operating in regions controlled by the Rapid Support Forces (RSF), raising concerns about parallel financial systems emerging amid ongoing instability. The app, named 'Al-Mustaqbal for Banking and Financial Services,' operates primarily in South Darfur and lacks official authorization, according to a statement released on Wednesday.
Analysts suggest the RSF's endorsement of such platforms could signal attempts to establish autonomous economic structures in territories under its control. The central bank emphasized that only it holds legal authority to license financial services under Sudanese law, stating:
"Any dealings with unlicensed entities violate national laws and the Anti-Money Laundering and Counter-Terrorism Financing Act of 2014."
The warning highlights multiple risks for users, including:
No legal protection for lost passwords or stolen funds
Absence of financial guarantees for transactions
Potential violations of counter-terrorism financing regulations
This development comes as Sudan's economic landscape grows increasingly fragmented, with competing authorities vying for control over financial systems. The central bank has urged all citizens and institutions to avoid interactions with the app, underscoring the broader challenges of maintaining monetary sovereignty during conflict.
