NATIONAL RISK ASSESSMENT (NRA) 2023 AND TERRORISM FINANCING RISK ASSESSMENT FOR NON-PROFIT ORGANISATIONS (NPOs) 2023.

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.

Money Laundering and Terrorism Financing National Risk Assessment Report for Uganda 2023.

2. Terrorism Financing Risk Assessment for Non-Profit Organizations (NPOs) 2023

Uganda conducted the first Terrorism Financing Risk Assessment (TFRA) for the Non-Profit Organizations in Uganda. This risk assessment was undertaken in line with FATF Recommendation 8, and Immediate Outcome 10, which, require countries to identify the organizations that fall under the FATF definition of NPOs and use available information to determine the features and types of those NPOs that, based on their activities are likely to be at risk of being abused for terrorist financing.

The overall objective of this risk assessment is to provide an understanding of the terrorism financing risk posed by the NPO sector in Uganda and based on this assessment, Uganda is required to apply focused and proportionate measures, in line with the risk-based approach, to such Non-Profit Organizations that were identified as being more vulnerable in order to protect them from terrorist financing abuse.

Terrorism Financing Risk Assessment Report for Non Profit Organizations in Uganda 2023