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TodayWednesday, May 06, 2026

Financial Crimes

The Rise of the Internal Thief: Insider Fraud is one of the Most Prevalent Financial Crimes in Uganda, and moreover at senior management levels.

THE THIEF WITHIN: Who is Stealing from Ugandan Companies?

Uganda is experiencing an economic crime crisis, with businesses and individuals losing over USD 272 million (UGX 1.02 trillion) in 2024 due to fraud, cybercrime, and financial misconduct. This represents a sharp
February 25, 2025
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Uganda faces a financial crime crisis as cyber fraud, bank scams, and corporate fraud escalate, costing the economy over USD 272 million in 2024 and exposing vulnerabilities in digital security and financial systems.

Ugandans and businesses in 2024 lost USD272 mn in economic crimes; cybercrime, bank, and fraud double

Even though the number of financial and economic crimes rose mildly, by 1.6%, from 12,924 cases in 2023 to 13,132 cases in 2024, the severity and amount of money lost in these
February 25, 2025
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Anne Juuko, the Stanbic Bank Chief Executive and convener of the first-ever Financial Fraud Forum 2023 speaks at the event

SPECIAL REPORT: Inside the multi-billion shilling financial fraud hydra in Uganda’s financial industry and the industry-wide ambitious proposals to cut off its many heads

On the evening of Friday, 09th September 2018, unknown persons hacked the mobile money float accounts of a payments aggregator company called Beyonic Ltd and originated payments amounting to UGX2,617,761,200. According to
April 17, 2023
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