Regulatory Alerts2022-10-01
Instruction Notes for the Compilation of Money Remittances
The central bank of Uganda issued this compilation guide to standardize the MR001 Money Remittance Report, requiring supervised financial institutions to systematically record cross-border fund inflows and outflows across designated worksheets. The framework defines essential reporting fields, mandates the conversion of non-specified currencies to USD equivalents, and tracks transaction volumes for major transfer agencies. Institutions must populate the Western Union, MoneyGram, and Other worksheets to ensure accurate statistical data for economic development and security analysis.
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