Regulatory Alerts2013-01-01
Bank of Uganda Mobile Money Guidelines, 2013
The Bank of Uganda issued the 2013 Mobile Money Guidelines to regulate mobile money services in Uganda. The framework mandates that providers partner with licensed institutions, maintain real-time escrow accounts, and implement robust AML/CFT measures alongside strict KYC standards. It further requires transparent fee disclosures, secure transaction authentication, and accessible complaint mechanisms to strengthen consumer protection and foster financial inclusion.
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