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MUTUAL EVALUATIONS


MUTUAL EVALUATION REPORT FOR THE REPUBLIC OF UGANDA.

ESAAMLG PUBLISHES THE MUTUAL EVALUATION REPORT FOR
THE REPUBLIC OF UGANDA

The ESAAMLG Council of Ministers approved and adopted the mutual evaluation report for the Republic of Uganda at its August 2007 meeting.  The report was prepared by the World Bank. Before its approval by the Council of Ministers the report was discussed and adopted by the ESAAMLG Task Force of Senior Officials at its meeting in August 2007.
The report records the significant steps taken by the authorities in Uganda to develop and implement the anti- money laundering (AML) /combating the financing of terrorism (CFT) framework.  An AML Bill has been approved by Cabinet while amendments have been brought to the Financial Institutions Act in 2004 to address some of the preventive measures that apply to financial institutions.  Uganda took important legislative steps to fight terrorism and terrorist financing with the adoption of the Anti-Terrorism Act 2002.

The report also identifies some areas of deficiencies in the AML/CFT regime of Uganda.  It makes comprehensive recommendations on the actions that the authorities in Uganda need to take in the short and medium terms to fully meet the international standards.

The major findings of the report include:-

Click here to download a copy of the summary of the major findings of the report.

ESAAMLG Secretariat
March 2009

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 Posted:  08, Jan 17