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,…
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The Financial Intelligence Authority (FIA) has expressed frustration over failure by cryptocurrency operators to register with the government agency. Cryptocurrency trading, also known as mining, is a growing global wave…
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Court has given the state one month within which to complete investigations into the alleged money laundering case against human rights lawyer, Nicholas Opiyo. Grade One Magistrate Moses Nabende of…
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Tomorrow, December 28th 2020, human rights lawyer, Nicholas Opiyo will appear before the High Court to answer charges of Money Laundering contrary to Sections 3 (c) 116 and 136(1)(a) of…
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The Financial Intelligence Authority FIA has downplayed the significance of notices being sent to some customers of commercial banks informing them of the identification requirements when making transactions with their…
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Although they are yet to receive a copy of the detailed judgement in which Diamond Trust Bank Uganda, alongside Diamond Trust Kenya, were ordered to pay business man Ham Kiggundu…
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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…
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The Executive Director of the Financial Intelligence Authority (FIA) Mr. Sydney Asubo has said his organisation is yet to get any report from the Inspectorate of Government (IG) regarding their…
The Uganda Financial Intelligence Authority (FIA), has formally placed former Bank of Uganda Executive Director, Supervision, Mrs. Justine Bagyenda under investigation over allegations that “the assets and finances she has…
