Launch of the Money Laundering/Terrorism Financing Risk Assessment of Legal Persons and Arrangements in Uganda
The Financial Intelligence Authority (FIA) on Tuesday 6th October 2020 held a workshop to officially commence the ML/TF Risk Assessment of Legal Persons and Arrangements in Uganda. The activity addresses the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) priority recommendation made in Uganda’s Mutual Evaluation Report (2016) that Uganda conduct a “more comprehensive ML/TF risk assessment of how legal persons and arrangements could be abused.” This effort will be led by the National AML/CFT Task Force and implemented by the Financial Intelligence Authority and the Uganda Registration Services Bureau (URSB), and it is also one of the actions on the FATF ICRG Action plan for Uganda to be removed from the grey list.
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Launch of the MLTF Assessment of Legal Persons and Arrangements in Uganda