Financial Crime World

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Combating Money Laundering and Terrorism Financing in Uganda

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Uganda has been actively working to combat money laundering and terrorism financing through various reports and materials. This article provides a summary of these reports and their findings.

Training Programs for Financial Institutions

goAML Training Event-Impact Report

The goAML Training Event-Impact Report highlights the impact of a training event on participants’ ability to detect fraud. The report notes that many participants have used the training material in their work and have also trained others.

Obligations of Payment Service Providers and Payment System Operators

Presentation: AML/CFT Training for Payment Service Providers & Payment System Operators

This presentation outlines the obligations of Payment Service Providers (PSPs) and Payment System Operators (PSOs) under the Anti-Money Laundering Act (AMLA), 2013. The presentation also highlights their vulnerability to money laundering and terrorist financing.

Legal Persons & Arrangements ML/TF Risk Assessment Report

Uganda has published its first Money Laundering/Terrorist Financing (ML/TF) risk assessment report for legal persons and arrangements such as companies, partnerships, trusts, and SACCOs.

Terrorism Financing Risk Assessment for Non-Profit Organizations

Terrorism Financing Risk Assessment for Non-Profit Organizations (NPOs) 2023

This report provides an understanding of the terrorism financing risk posed by non-profit organizations in Uganda. The report identifies the types of NPOs that are more vulnerable to abuse.

National Risk Assessments

Money Laundering and Terrorism Financing National Risk Assessment (NRA) Report for Uganda 2023

This report assesses the money laundering and terrorist financing risks in Uganda from 2017 to 2020 (ML) and December 2021 (TF). The report identifies areas where measures should be applied to prevent or mitigate these risks.

These reports and materials provide valuable insights into the efforts of Uganda to combat money laundering and terrorism financing. They highlight the importance of training programs for financial institutions, risk assessments for legal persons and arrangements, and national risk assessments in preventing and mitigating these risks.