Regulatory Alerts2022-06-01
Bank of Uganda Money Laundering and Terrorism Financing Risk Assessment
The Bank of Uganda mandates all supervised financial institutions to submit standardized Anti-Money Laundering and Combating the Financing of Terrorism documentation by 18 October 2019. Institutions must provide completed assessment questionnaires, data collection tools, compliance team structures, 2018 and 2019 audit reports, and their latest risk assessment report in soft copy. This consolidated data collection facilitates the regulator’s risk-based on-site examinations and ensures financial entities implement proportionate measures to mitigate identified money laundering and terrorism financing risks.
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