Regulatory Alerts2022-06-01
Communication of Account Details for Commonly Used Accounts
The Bank of Uganda has issued updated account details for its commonly used accounts to address payment delays caused by inaccurate crediting information. The directive specifies correct account names, currencies, and transaction-specific numbers for twenty key accounts, including tax transfers, license fees, fines, and staff salaries. Supervised financial institutions must adopt these corrected account identifiers to ensure timely processing of taxes, license payments, and other transactions.
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