Regulatory Alerts2022-08-01
Bank of Uganda Anti-Money Laundering and Counter-Terrorism Financing Policy
The Bank of Uganda Board ratified a comprehensive Anti-Money Laundering and Counter-Terrorism Financing Policy to mitigate financial crime risks across its operations. The directive mandates all staff to enforce strict internal controls, designate a dedicated Money Laundering Control Officer, and implement enhanced customer due diligence for high-risk accounts and correspondent banking. It further requires continuous monitoring, accurate reporting of suspicious transactions, and strict adherence to the AML Act 2013 alongside international FATF standards.
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