Uganda: Strengthening the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Regime
September 27, 2024
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This report summarizes findings and recommendations from a Fund CD mission in Uganda from
August 28 to September 1, 2023, in response to a request from the Bank of Uganda (BoU), focusing on
AML/CFT measures. Key areas of focus included reviewing the legal and regulatory frameworks,
developing operational frameworks for consistent sanction application, and implementing AML/CFT riskrating
tools. Recommendations include clarifying roles, strengthening information exchange mechanisms,
and enhancing resources for effective AML/CFT supervision to align with Financial Action Task Force
(FATF) standards and promote financial integrity.
August 28 to September 1, 2023, in response to a request from the Bank of Uganda (BoU), focusing on
AML/CFT measures. Key areas of focus included reviewing the legal and regulatory frameworks,
developing operational frameworks for consistent sanction application, and implementing AML/CFT riskrating
tools. Recommendations include clarifying roles, strengthening information exchange mechanisms,
and enhancing resources for effective AML/CFT supervision to align with Financial Action Task Force
(FATF) standards and promote financial integrity.
Subject: Anti-money laundering and combating the financing of terrorism (AML/CFT), Crime
Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT), information exchange mechanism, money remittance sector, recommendations from a fund CD mission, Sub-Saharan Africa
Pages:
4
Volume:
2024
DOI:
Issue:
033
Series:
High Level Summary Technical Assistance Report No. 2024/033
Stock No:
HLSEA2024033
ISBN:
9798400288661
ISSN:
2959-4103
