Uganda’s Financial Crime Watchdog Hails New Chief as Key Player in Combating Money Laundering and Terror Financing

Newly Appointed FIA Executive Director Expresses Gratitude and Commitment

The newly appointed Executive Director of the Financial Intelligence Authority (FIA) has extended his gratitude to key stakeholders, including the Minister of Finance, Planning and Economic Development, Speaker of Parliament, and Board of Directors, as he takes on a critical role in Uganda’s fight against financial crime.

FIA’s Critical Role in Combating Financial Crime

As the head of Uganda’s specialized national agency tasked with combating money laundering, terrorism financing, and proliferation financing, the new Executive Director emphasized the crucial role the FIA plays in maintaining the integrity and stability of the country’s financial system. He underscored the importance of collaboration with:

• Law enforcement agencies
• Supervisory bodies
• National intelligence organizations
• Other competent authorities at national, regional, and international levels

to achieve this goal.

FIA: A Key Player in Uganda’s Efforts to Combat Financial Crime

The Financial Intelligence Authority is a key player in Uganda’s efforts to prevent and investigate financial crimes that could compromise the nation’s economic stability and security. The agency’s work is critical in:

• Tracking suspicious transactions
• Identifying potential threats
• Sharing intelligence with relevant stakeholders to disrupt illegal activities

By working together, the FIA and its partners aim to maintain the integrity and stability of Uganda’s financial system, ensuring a safe and secure environment for economic growth and development.