Regulatory Alerts2022-09-01
Bank of Uganda Circular on Customer Due Diligence and Suspicious Transaction Reporting
The Bank of Uganda directs all supervised financial institutions to immediately incorporate Customer Due Diligence and Suspicious Transaction Reporting guidelines into their Anti-Money Laundering frameworks. These measures establish risk-based benchmarks to strengthen compliance, clarify institutional obligations, and enhance the central bank’s supervisory effectiveness. Entities must align their internal processes with these standards ahead of periodic risk-based compliance reviews.
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