Anti-MOney Laundering Archives

Audit Exposes Gaps in Financial Intelligence Authority: UGX 31.2 billion Spent, But Key Mandates Missed

Paul MurungiBanking & Financial Services The Big StoryJune 19, 2025June 21, 2025

Beneath the spotless surface of a perfectly balanced budget, the Financial Intelligence Authority (FIA) is grappling with deeper issues of missed targets, shifting priorities, and implementation failures, an audit report…

Ugandan Court Faults Equity Bank for Freezing Client’s UGX85 Million

Muhereza KyamuteteraCompany News News & AnalysisFebruary 14, 2025February 14, 2025

In a ruling that could redefine customer-bank relationships in Uganda’s financial sector, the High Court of Uganda has found Equity Bank Uganda Limited guilty of unlawfully freezing a customer’s account,…

REMAIN VIGILANT: Financial Intelligence Authority issues tips on spotting and avoiding financial crimes during Covid-19 pandemic

Sydney AsuboBanking & Financial Services The Big Story Thought LeadershipMay 25, 2020May 25, 2020

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…