Legislative Frameworks
We Help countries align their legal and governance frameworks to international standards so they can develop sound financial reforms, fight corruption and combat money laundering and terrorism financing.
For instance: The RBI helped Sudan strengthen its legal and institutional framework to facilitate its integration into the global financial system. This enabled the Financial Action Task Force (FATF), in October 2015, to take note of Sudan’s significant progress and remove the country from its “gray list” of monitoring under global AML/CFT compliance process.
The RBI’s areas of expertise in the development of legal frameworks include:
• Financial institutions and market infrastructures
• Central banking and macro prudential oversight
• Tax law, fiscal law, and exchange systems
• Insolvency and creditor rights
• Anti-money-laundering/combating the financing of terrorism
