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 …
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Johannesburg, SA | Xinhua | The South African Reserve Bank (SARB), the country’s central bank, said it is committed to the fight against money laundering. The SARB made the remarks in a statement on Friday after the Financial Action Task Force, a global money laundering and terrorist financing watchdog, placed South Africa …
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New report sheds light on illicit activity in Uganda Kampala, Uganda | RONALD MUSOKE | A new report analysing the scope and characteristics of global trade-based money laundering has found that the illegal activity poses complex problems for law enforcement and undermines development; especially in poorer countries like Uganda. The study, …
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Kampala, Uganda | THE INDEPENDENT | Cabinet has approved the anti-money laundering amendment bill, 2018. The amendment is meant to bolster Uganda’s global reputation and cooperation in fighting money laundering and terrorism financing. Media Centre Deputy spokesperson Col. Shaban Bantariza said the amendment will enable Uganda to get admitted in the …
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New York, United States | AFP | New York’s state bank regulator fined the giant Agricultural Bank of China $215 million on Friday for violating anti-money laundering laws and obscuring suspicious transactions involving Russia, China, Afghanistan and other countries. Citing a deliberate failure to scrutinize dubious money transfers, the Department …
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By Agnes E. Nantaba Sydney Asubo is the in-coming executive director of the Financial Intelligence Authority (FIA), which was set up under the Anti- Money Laundering Act. He spoke to Agnes E. Nantaba about their mandate and the vice of money laundering in Uganda. What are the key elements of …
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The Independent Uganda: You get the Truth we Pay the Price