Fraudsters have resorted to using simcards of dead people or old people in rural areas ignorant about transactions | THE INDEPENDENT | The National Payment Systems Services Association has partnered with Uganda Bankers Association to fight fraud that had become a threat to the financial sector and the growth in …
Read More »
Nairobi, Kenya | Xinhua | Kenyan President Uhuru Kenyatta has flagged off the second edition of the World Rally Championship (WRC) that started in the capital Nairobi on Thursday. Kenyatta flagged off the first ten rally cars which included Kenyan McRae Kimathi, Maxine Wahome, Jeremy Wahome, Hamza Anwar, and the French …
Read More »
Kampala, Uganda | THE INDEPENDENT | The Executive Director of the Finance Intelligence Authority, Sydney Asubo revealed that Uganda risks being blacklisted by the Financial Action Taskforce (FATF) if the government does not tackle money laundering by May 2022. Asubo who was appearing before the Committee on Finance said that the FATF …
Read More »
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 …
Read More »
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 …
Read More »
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 …
Read More »
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, …
Read More »
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 …
Read More »
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, …
Read More »
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. …
Read More »
The Independent Uganda: You get the Truth we Pay the Price