Sydney Asubo, is the first Executive Director of Uganda’s Financial Intelligence Authority (FIA), the financial crimes watchdog created by the Anti-Money Laundering Act of 2013. Mr. Asubo, is a Makerere University and University of Liverpool trained lawyer and former Director of Legal Affairs at the Inspectorate of Government.
By Sydney Asubo With people facing confinement or strict social distancing measures, in-person banking and access to other financial services being difficult, and unnecessarily exposes people to the risk of infection. The Financial Intelligence Authority (FIA) encourages the fullest use of responsible digital customer onboarding and delivery of digital financial services in light of social distancing measures put in place by the Government of Uganda. While unintended, these measures may provide new opportunities for criminals and terrorists to generate and launder illicit proceeds. The FIA advises financial institutions to remain alert about malicious or fraudulent transactions similar to those that…
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