Uganda is lobbying the European Union (EU) to expedite its removal from regional body’s anti-money laundering and terrorism financing grey list, a year after it was removed from the Financial Action Task Force
Anti Money LaunderingUgandaAfricaComplianceIn order to fulfill its international obligations, Uganda enacted the Anti-Money Laundering Act 2013 to provide for the prohibition and prevention of money launHerman, TuhairweSocial Science Electronic Publishing...
This prompted the strengthening of the Proceeds of Crime and Money Laundering Act of 2009 (POCAMLA) through new regulations issued in 2013, prompting the removal of the country from the list in 2014. By 2016, however, emerging weaknesses in the laws were already being identified, most notably ...
The regulations come months after the Financial Action Task Force—an intergovernmental organisation that develops policies to combat money laundering and terrorism financing— included Kenya in the list of countries at higher risk of being used as an avenue for the two crimes. Kenya has suffered mul...
Robin Longoria, had pleaded guilty to one count of conspiracy to violate the FCPA, to commit wire fraud, and to commit visa fraud related to the improper removal of children from their home countries of Uganda and Poland by use of bribery and fraud and without verifying that they were actual...
The European Banking Authority (EBA) published findings on money laundering and terrorism financi... Explore More News Uganda Remains on FATF Graylist for Failing to Curb Money Laundering Uganda is still under the scrutiny of AML/CFT agencies after failing to enforce regulations in NG... ...
Money LaunderingFinancial InstitutionsUgandaThe Anti-Money-Laundering Act, 2013 (AMLA) seeks to combat money-laundering from different fronts. In addition to creating the offence of money-laundering as aHerman, TuhairweSocial Science Electronic Publishing...
, with a focus on the operational details of assembling a body of UN inspectors, implementing dedicated anticorruption courts, creating incentives for private parties to pursue civil actions when those parties have knowledge of corruption, and implementing vigorous anti-money-laundering regulations. ...