Members of the newly formed National Working Group on the Money Laundering (ML)/Terrorism Financing (TF)Risk Assessment for Virtual Assets(VA) and Virtual Assets Service Providers(VASPS)for Uganda have benefitted from a capacity-building workshop conducted by FIA with support from the United Nations Office on Drugs and Crime(UNODC)
The European Union (EU) has removed Uganda from its Anti- Money Laundering (AML) Blacklist following the delisting of the country from the grey list by the Financial Action Task Force (FATF) in February this year, during a plenary in Paris, France.
The EU’s decision to delete Uganda from its AML blacklist was set in its regulation published on Thursday March 14,2024, which is binding and applicable in its member states.
The Financial Intelligence Authority (FIA) is pleased to announce the introduction of its new official letterhead, marking a significant upgrade in the security and authenticity of its correspondence. As of 1st March 2024, all FIA letters will feature a completely redesigned layout, a unique serial number for each document, and a QR code that can be scanned for authentication purposes. This innovative approach aims to ensure authenticity and to prevent fraud. This update underscores the FIA's commitment to leveraging technology for enhanced security in its operations.
Following the successful removal of Uganda from the list of high risk jurisdictions with weak Anti Money laundering systems, key players in the sector have embarked on laying strategies for sustainability measures.
In this regard, the management of the Financial Intelligence Authority(FIA) which is conscious of the next Mutual Evaluation slated for 2028, has reached out to the Judiciary to discuss mechanisms of improving the effectiveness in the prosecution and adjudication of money laundering/terrorism financing related cases.
Circular No.7 issued on 24th February, 2024 to all accountable persons high risk jurisdictions recommendation 19 of the financial action task force (FATF) standards regulation 44 of the anti-money laundering regulations, 2015 (as amended).