Login
Subscribe
TodayMonday, April 27, 2026

Anti-MOney Laundering

A photo collage of Auditor General Edward Akol and Financial Intelligence Authority Executive Executive Director, Mr. Samuel Were Wandera. Whereas the FIA may have complied with financial reporting regulations, its operational performance, the audit report shows, fell significantly short of what its work plan demanded in the last financial year.

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

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 reveals.  Despite
June 19, 2025
·
Justice Ssekaana ruled that while banks have a duty to ensure compliance with anti-money laundering regulations, they must do so within the confines of the law and reasonable due diligence. The judgment noted that Equity Bank did not report the transaction to the FIA within the legally mandated 48-hour window but only did so 16 days later, after legal action had commenced.

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

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, a decision
February 14, 2025
·
Sydney Asubo, the Executive Director of the Financial Intelligence Authority

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

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
May 25, 2020
··

 

error: Content is protected !!