Domestic and International Cooperation
The Financial Intelligence Authority (FIA) has a central role of coordinating Uganda’s efforts in the prevention and fight against Money Laundering, Financing of Terrorism and the Financing of the Proliferation of weapons of mass destruction (ML/FT/FP). In carrying out its functions, the FIA cooperates with local and international organisations/partners in this global fight. The FIA cooperates and carries out information exchange with Financial Intelligence Units (FIUs) from various countries and is a member of several global organisations responsible for combating Money Laundering, Terrorism Financing and proliferation financing (ML/TF/PF) such as the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), and The Egmont Group which coordinates the Implementation of Financial Action Taskforce (FATF) standards on behalf of Uganda.
The Financial Intelligence Authority is the National Secretariat for Anti-money Laundering, Countering Financing of Terrorism and Countering Proliferation Financing (AML/CFT/CPF) matters. One of the key roles of the FIA is to inform, advise and cooperate with Law Enforcement Agencies (LEAs), supervisory authorities and other competent authorities in Uganda to ensure effective implementation of AML/CFT measures. This is done through the following bodies.
Due to historic devasting effects of money laundering and terrorist financing throughout the world, global measures were established through international bodies and initiatives to combat the twin evils and related threats to the integrity of the global financial system, resulting in the formation of the Financial Action Task Force (FATF) and other international bodies.
The Financial Intelligence Authority plays a central role through international cooperation, information exchange and other forms of international cooperation that are essential tools to protect the integrity of the financial system, promote international security and enable Uganda fulfill its membership obligations to these bodies including: Eastern and Southern Africa Anti-money Laundering Group (ESAAMLG), Egmont Group, FATF,The Asset Recovery Inter-Agency Network for Eastern Africa. (ARIN-EA) among others within the framework of which it makes contributions to strengthen the global strategy for the prevention and combat of these serious crimes.