Tag Archives: FATF

Kampala, Uganda | THE INDEPENDENT | The Financial Action Task Force (FATF) – the global anti-money laundering watchdog— estimates that environmental crime is one of the most profitable criminal enterprises, generating around USD 110 to 281 billion in criminal gains each year; however, its latest figures suggest that less than 1 …

Initial listing in 2020 followed accusations of an inadequate commitment to tackling money laundering activities and terrorist financing Kampala, Uganda | THE INDEPENDENT | Uganda has been officially delisted from the Financial Action Task Force’s (FATF) “grey list,” a catalog of jurisdictions under scrutiny for inadequate measures against money laundering and …

Kampala, Uganda | THE INDEPENDENT | Uganda has been struck off the Grey List of the Financial Action Task Force (FATF), a categorization that risked the Ugandan financial industry being blacklisted. The FATF Grey List acts as a warning to a country that other countries, authorities and the international community will …

Kampala, Uganda | THE INDEPENDENT | Uganda is on the way to being removed from the warning list of a global financial Industry monitoring agency, but experts warn of new challenges. The Financial Action Task Force, FATF, has commended the country for the measures it has put in place to …

Johannesburg, South Africa | Xinhua | South African President Cyril Ramaphosa said Monday that the grey listing of South Africa by the Financial Action Task Force (FATF) is an opportunity for the country to improve its ability to tackle financial and illicit crimes. Ramaphosa made the remarks in his newsletter on …

Kampala, Uganda | THE INDEPENDENT | Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the …

Kampala, Uganda | THE INDEPENDENT | The Executive Director of the Finance Intelligence Authority, Sydney Asubo revealed that Uganda risks being blacklisted by the Financial Action Taskforce (FATF) if the government does not tackle money laundering by May 2022. Asubo who was appearing before the Committee on Finance said that the FATF …

Belgian in alleged US$1bn scam Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni commissioned it on Feb.20 amidst pomp and celebration, but just nine months later African Gold Refinery (AGR) has run into big trouble. Its Belgian owner, Alain Goetz, has been uncovered as a dealer in so-called “conflict or blood …