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Tag Archives: FIA

Tracking masterminds of Dunamiscoins money lending scam

Kampala, Uganda | THE INDEPENDENT  | Former employees at Dunamiscoins Resource Centre Ltd, a blacklisted cryptocurrency exchange have hinted that security agencies opted for soft targets in the scam that saw thousands of Ugandans lose billions in deposits. Dunamiscoins was operating a money lending business with branches in Masaka, Ndeeba, Mbale, …

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Gov’t probes 13 top NGO accounts

Kampala, Uganda | THE INDEPENDENT |  The Financial Intelligence Authority (FIA) has asked Equity bank for the account details of 13 non-governmental organizations to establish their source of their funding. They are Action Aid International Uganda, Citizens’ Coalition for Electoral Democracy in Uganda, Alliance for Campaign Finance Monitoring, Anti-Corruption Coalition Uganda, …

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Car dealers to report to FIA money laundering

Kampala, Uganda | THE INDEPENDENT | A proposal requiring car dealers to register with the Financial Intelligence Authority-FIA in the move to curb money laundering in the business is in the offing. Section 21 of the Anti-Money Laundering Act, 2013 mandates the FIA to register all accountable persons who are …

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FIA: Real estate sector prone to money laundering

Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) Deputy Executive Director, Michael Olupot Tukei has said the real estate sector is prone to money laundering. The sector, according to Olupot has not received much attention making it easy for money launders to transact in the real sector without …

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IGG, FIA to work together in fight against corruption

The Inspectorate of Government has signed a Memorandum of Understanding (MOU) with the the  Financial Intelligence Authority (FIA) to share financial intelligence information int he fight to eliminate money laundering and corruption in general. The memorandum will enhance the partnership between the two institutions so that they can achieve their …

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