The Hon. Minister of State for General Duties - Mr. Henry Musasizi, on the 29th August, 2023, presided over the handover of office by Mr. Sydney Asubo - former Executive Director at the Financial Intelligence Authority, to the new Executive Director, Mr. Samuel Were Wandera.

Mr. Musasizi thanked the Management of the Financial Intelligence Authority for the smooth handover and asked the new Executive Director to expedite the process of getting Uganda off the grey list.

In an era where technology plays an ever-expanding role in shaping our world, it is no surprise that its positive impact extends to the crucial field of combating money laundering (ML), terrorism financing (TF), and proliferation financing (PF). On 15th August, 2023, a significant event organized by Africa Risk Management and Compliance Partners (ARMC) and Dixtior brought together key stakeholders for a deep dive into the ways technology is enhancing the fight against financial crimes in Uganda.

We are thrilled to share a momentous development in our ongoing commitment to financial integrity and security. Last week Thursday, we proudly unveiled the Second Money Laundering (ML) and Terrorism Financing (TF) National Risk Assessment (NRA) Report for Uganda. The Minister of Finance, Planning and Economic Development (MoFPED); - Hon Matia Kasaija officially launched the Money Laundering & Terrorism Financing National Risk Assessment (NRA) Report, 2023 for Uganda on August 10th, 2023 at Serena Hotel Kampala .

1. National Risk Assessment (NRA) 2023

Uganda conducted its second National Risk Assessment (NRA) of her money laundering (ML) and terrorist financing (TF) risks. It covers the period 2017 to 2020 for Money Laundering (ML) and the period ending December 2021 for Terrorism/Terrorism financing. The purpose of the NRA is to identify, assess, and understand the money laundering and terrorist financing risks for the country, as required by Financial Action Taskforce (FATF) Recommendation 1.