IMF urges Uganda to exit FATF grey list or jeopardise correspondent relationships and destabilise the financial system
The International Monetary Fund (IMF) is urging Uganda to step up its efforts to be removed from the Financial Action Task Force (FATF) grey list of jurisdictions under increased monitoring. The IMF is concerned about measures yet to be taken to improve the country’s central…
Uganda’s vulnerabilities to ‘commonly used’ TBML exposed
Trade-based money laundering (TBML) has over recent years become a commonly used method to launder money in Uganda according to a new policy memo published by Washington-based Global Financial Integrity (GFI) and Uganda-based public policy research and advocacy think tank, Advocates Coalition for Development and Environment…
