Regulatory Alerts2022-01-01
Updating the Banking Sector Money Laundering and Terrorism Financing Risk Assessment Using Data
Bank of Uganda requires all supervised financial institutions to submit updated money laundering and terrorism financing risk data via the Revised AML/CFT Data Collection Tool. Institutions must concurrently provide soft copies of their latest internal audit reports, external auditor reviews, and risk assessment reports by 12 April 2022. This submission establishes the foundation for a risk-based supervision framework, informs the 2022/2023 supervisory plan, and ensures preventive measures align with each institution’s specific risk profile.
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