UGANDA LEAVES FATF GREY LIST, BUT ML/TF STRUGGLES CONTINUE
September 23rd, 2024
Uganda may have been removed from the FATF grey list this past February (2024), but its FIU has told MLB it knows more AML, CFT and CFP work is ahead. The east African country had been grey listed since 2020. After de-listing, FATF said in a communiqué it "welcomes Uganda’s significant progress in improving its AML/CFT regime”. Notably, it highlighted Uganda adopting a national AML/CFT strategy; maintaining statistics; developing risk-based supervision of financial and DNFBP sectors; boosting access to BO information; more ML investigations and prosecutions; ...
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