Kampala, Uganda | JULIUS BUSINGE | Africa Risk Management and Compliance Partners (ARMC) has unveiled the E-Learning Hub Tool, an innovative platform designed to enhance training on combating money laundering, terrorism financing, and proliferation financing. The tool, launched during a workshop in Kampala on November 15, allows organizations to deliver flexible, …
Read More »
Kampala, Uganda | THE INDEPENDENT | Over 80 judges and prosecutors from Uganda and the COMESA states have been undergoing training on the adjudication of financial crimes like money laundering and financing terrorism. The training arranged by the Financial Intelligence Authority, the Judiciary in Uganda, and the Common Market for Eastern …
Read More »
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 …
Read More »
Gaborone, Botswana | Xinhua | Botswana has launched its second National Risk Assessment (NRA) on money laundering, terrorism financing, and proliferation financing. At the launch in Gaborone on Monday, Emmah Peloetletse, Permanent Secretary to the President and chairperson of the National Coordinating Committee on Financial Intelligence, stated that she believes …
Read More »
Kampala, Uganda | THE INDEPENDENT | Government has moved a step in realizing President Museveni’s legislative agenda for the financial year 2022/23 with five Bills tabled on Wednesday, 24 August 2022. The Bills include the Anti-Money Laundering (Amendment) Bill, Partnerships Act (Amendment) Bill, Trustees Incorporation (Amendment Bill), Cooperative Societies (Amendment) Bill and …
Read More »
Addis Ababa, Ethiopia | Xinhua | Ethiopia’s central bank on Monday told Ethiopians not to engage in “illegal” transactions in digital currencies. The National Bank of Ethiopia (NBE) said digital currencies like crypto-currencies and bitcoins haven’t been recognized by the NBE as a transactional and payment method, state affiliated Fana Broadcasting …
Read More »
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 …
Read More »
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 …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions Jane Frances Abodo has withdrawn an appeal challenging a decision by the Anti-Corruption Court that money laundering charges were maliciously instituted against lawyer Paul Wanyoto Mugoya. The notice communicating the withdraw of the appeal against Wanyoto and businessman Mugisha Patrick …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions has withdrawn money laundering charges against Chapter Four Uganda Executive Director Nicholas Opiyo. Opiyo had been accused of fraudulently receiving a sum of USD 340,000 (1.2 billion Shillings) through the Chapter Four Uganda account in Absa Bank. The state said …
Read More »
The Independent Uganda: You get the Truth we Pay the Price