Financial Crime World

Uganda Amends AML/CFT Legal Framework to Comply with FATF Standards; Training Resources Launched

======================================================

Strengthening Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regime

The Government of Uganda has amended its legal framework to align with the new standards set by the Financial Action Task Force (FATF). This move aims to enhance the country’s ability to detect and prevent money laundering and terrorist financing activities.

Launch of AML Training Resources Webinar

A webinar on AML training resources is being launched in Uganda, scheduled for August 14th. The event will focus on:

  • Equipping professionals with the necessary skills to identify potential money laundering red flags
  • Designing effective procedures to mitigate risks
  • Preparing reports accordingly

The webinar will also challenge participants’ mindsets and encourage discussion on the need for greater professional scepticism to reduce the risk of economic crime.

Event Details

  • Date: August 14th
  • Time: [To be announced]
  • Duration: [To be announced]
  • Registration Fee:
    • Members and students without arrears: UGX 60,000
    • Non-members and members with arrears: UGX 70,000

Benefits of Attending the Webinar

Upon full-time attendance, participants will be awarded 4 hours of Continuing Professional Development (CPD) credits. This training resource is designed to enhance professionals’ skills and knowledge in AML/CFT, enabling them to play a crucial role in combating financial crimes.

Commitment to Preventing Money Laundering and Terrorist Financing

The launch of this webinar marks an important step in Uganda’s efforts to strengthen its AML/CFT regime and demonstrates the country’s commitment to preventing money laundering and terrorist financing activities. With this training resource, professionals can enhance their skills and knowledge to effectively combat these financial crimes.