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TodayMonday, April 27, 2026

Financial Intelligence Authority

FIA Executive Director Samuel Were Wandera and Justice Bonny Isaac Teko stand at the center of Uganda’s evolving anti-money laundering landscape, where assertive enforcement meets judicial insistence on due process, highlighting a system striving to balance swift intervention with evidence, oversight, and timely, lawful case resolution across institutions and sectors.
FIA Executive Director Samuel Were Wandera and Justice Bonny Isaac Teko stand at the center of Uganda’s evolving anti-money laundering landscape, where assertive enforcement meets judicial insistence on due process, highlighting a system striving to balance swift intervention with evidence, oversight, and timely, lawful case resolution across institutions and sectors.

79% of Cases Unfinished: Inside the Financial Intelligence Authority’s Fragile Fight Against Money Laundering

Justice Bonny Isaac Teko’s ruling in BMS General Trading vs Financial Intelligence Authority and Attorney General (Misc. Cause No. 0025 of 2026) may, at first glance, appear to be a routine dispute,
April 18, 2026
Fabrice Brad Rulinda, Entebbe mayor and plaintiff in the High Court case against Stanbic Bank, was implicated in a suspicious gold-related transaction that the court found bore the hallmarks of money laundering linked to actors in eastern Democratic Republic of Congo.
Fabrice Brad Rulinda, Entebbe mayor and plaintiff in the High Court case against Stanbic Bank, was implicated in a suspicious gold-related transaction that the court found bore the hallmarks of money laundering linked to actors in eastern Democratic Republic of Congo.

High Court Finds Entebbe Mayor Fabrice Rulinda Mired in Gold-Related Money Laundering Controversy

A High Court ruling has drawn Entebbe Mayor Fabrice Brad Rulinda into a complex international gold transaction that the court concluded bore the hallmarks of money laundering linked to illicit mineral trade
March 16, 2026
Left-Right: Finance Minister Matia Kasaija, Bank of Uganda Governor Michael Ating-Ego, and Lawyer Silver Kayondo. The Finance Ministry and Bank of Uganda maintain that cryptocurrencies are not legal tender in Uganda. Kayondo’s attempt to find legal means of regularizing cryptocurrency through the court was dismissed.
Left-Right: Finance Minister Matia Kasaija, Bank of Uganda Governor Michael Ating-Ego, and Lawyer Silver Kayondo. The Finance Ministry and Bank of Uganda maintain that cryptocurrencies are not legal tender in Uganda. Kayondo’s attempt to find legal means of regularizing cryptocurrency through the court was dismissed.

Uganda Sits on a Trillion Shilling Crypto Market – But Without Rules, Clarity or Direction

Imagine a young software developer in Kampala. He’s just finished building a smart-contract application that could help farmers track produce payments without relying on brokers. He’s hopeful, energized, but frustrated. Because while
July 1, 2025
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
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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
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