Shendi Banks: No Money Laundering Activities in the Locality

The Executive Director of Shendi Locality, Khalid Abdel Ghaffar Al-Sheikh, has confirmed that currency exchange, deposits, withdrawals, and account openings for citizens are proceeding smoothly under a strict security plan.

Chairing the Supreme Committee for Currency Exchange meeting on Tuesday, in the presence of the Local Security Committee and bank managers, Khalid Abdel Ghaffar stated that the purpose of the meeting was to oversee and address any issues facing currency exchange and banking operations.

Security committee members affirmed that all security agencies are working in full coordination to ensure the success of currency exchange operations. They emphasized their priority on securing these processes and confirmed the deployment of security forces across banks for monitoring deposits, withdrawals, and account activities.

Bank managers noted that the currency exchange process is progressing seamlessly and praised the significant role played by security forces in safeguarding these operations. They affirmed that no money laundering activities have been detected in Shendi locality, highlighting banks’ compliance with financial regulations and laws.

The meeting also discussed challenges, such as overcrowding and transportation issues for moving currency between the Central Bank and local branches. In response, the Executive Director directed bank branches to utilize vehicles provided by the locality for transporting currency.

The discussion also covered collaborative efforts to identify and rectify weaknesses in the financial system swiftly. Emphasis was placed on enhancing coordination and communication between banks and the security committee to implement robust security measures and mitigate potential risks.