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.