Tag Archives: FIA

Kampala, Uganda | THE INDEPENDENT | Civil society activists have condemned the decision by the Financial Intelligence Authority-FIA to freeze the accounts of Uganda Women’s Network-UWONET and Uganda National-NGO Forum for alleged terror financing. FIA froze the accounts of the two organisations in Stanbic Bank, ABSA Bank, KCB Bank and Standard …

Kampala, Uganda | THE INDEPENDENT | Uganda Women’s Network-UWONET has dismissed as false claims by the Financial Intelligence Authority-FIA that it is financing terrorism. On December 11, 2020, FIA froze the accounts of UWONET and Uganda National NGO Forum in Stanbic Bank, ABSA Bank, KCB Bank and Standard Chartered Bank on …

Kampala, Uganda | THE INDEPENDENT | 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 banks. Some customers of some banks have been receiving notifications such as, “Dear Customer, as a …

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, …

It now has data on their agenda, funders, money Kampala, Uganda | IAN KATUSIIME | After a month-long verification and validation exercise of NGOs operating in Uganda, attention has now shifted to what the government intends to do next. What is clear so far, according to interviews The Independent did …

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, …

The powerful people behind Bemanya Kampala, Uganda | HAGGAI MATSIKO | Uganda Telecom Ltd (UTL) looks like a typical company in shambles. In April 2017 it run to court to block a petition seeking to wound it up partly owing to Shs709 billion debts it had accumulated over the years. …

Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) says it is registering more entities to report cases of money laundering because launderers are now opting for non-traceable transactions. The authority recently announced that car dealers would be required to register with it, in a move to curb …

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 …

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 …