Sources in Sudan and the United States believe American officials may roll back sanctions against the North African country, which has been subject to a comprehensive U.S. trade embargo for nearly 20 years.
For nearly 20 years, U.S. sanctions have stymied Sudan's economic growth while doing little to stop savvy bankers from doing business in the country, according to Bader Eldin Mahmmoud Abbas Mukhtar, the country's minister of finance and national economy.
A law enforcement and regulatory probe into potential sanctions violations by BNP Paribas centers on transactions tied to Sudan, according to an individual with direct knowledge of the matter.
The U.S. Treasury Department Thursday will lift economic restrictions against Sudan that have hampered the growth of the Republic of South Sudan's oil sector and the role of banks in the region.
Any changes to U.S. economic sanctions policies on Sudan and Myanmar will be slow moving, if they occur at all, despite recent diplomatic overtures and speculation, say analysts.
A Muslim charity appeals its terrorist financing conviction, U.S. and Canada sign MOU to strengthen money laundering and counterterrorist financing efforts and more, in this week's roundup.