THE SIX NEW BILLS PASSED BY PARLIAMENT ADDRESSING THE FATF RECOMMENDATIONS.
In order to comply with the international requirements, specifically the FATF recommendations 7, 24 and 25, the Parliament of Uganda on 30th August, 2022 passed key legislations to address existing gaps in the law on beneficial ownership information and proliferation financing.
The Bills passed include the following:
- The Anti-Money Laundering (Amendment) Bill, 2022
- The Companies (Amendment) Bill, 2022
- The Partnerships (Amendment) Bill, 2022
- The Trustees Incorporation (Amendment) Bill, 2022
- The Cooperative Societies (Amendment) Bill, 2022
- The Anti-Terrorism (Amendment) Bill, 2022