Following the Mutual Evaluation process, Uganda made a high political commitment to address the identified strategic deficiencies. Under the FATF Action Plan, Uganda was required to enact laws on implementation of targeted financial sanctions and conduct trainings for financial institutions and DNFBPs on the same.
Issuance of Guidelines on Targeted Financial Sanctions
17th April 2022
The Financial Intelligence Authority (FIA) hereby informs all accountable persons that it hereby issues guidelines on Targeted Financial Sanctions. This follows the amendment of Anti-Terrorism Act in 2022, and issuance of the Anti-Terrorism Regulations of 2023.
The Financial Intelligence Authority (FIA) in partnership with the UNODC Eastern Africa held an awareness drive to digitally register all Accountable Persons (APs) in the country. This took place at the Silver Springs Hotel in Kampala on 31st March, 2023.
Over 400 members of the public attended the awareness session online, in addition to the 40 plus members who attended physically. This is a good indicator of increased public interest and understanding of the AML/CFT matters.
Casinos are Accountable Persons and are required by the Anti-Money Laundering Act (AMLA) to maintain AML compliance programs that adequately address specific risks posed by their products, services and customers.
FIA in collaboration with the UNODC Eastern Africa facilitated a three-day workshop for the 23 licensed Casinos from 27th to 29th March, 2023, under the strengthening crime prevention and criminal justice programme.
