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Tag Archives: money laundering

Judges trained in fighting money laundering

Kampala, Uganda | THE INDEPENDENT | Over 80 judges and prosecutors from Uganda and the COMESA states have been undergoing training on the adjudication of financial crimes like money laundering and financing terrorism. The training arranged by the Financial Intelligence Authority, the Judiciary in Uganda, and the Common Market for Eastern …

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Botswana launches second national risk assessment on money laundering

Gaborone, Botswana | Xinhua | Botswana has launched its second National Risk Assessment (NRA) on money laundering, terrorism financing, and proliferation financing. At the launch in Gaborone on Monday, Emmah Peloetletse, Permanent Secretary to the President and chairperson of the National Coordinating Committee on Financial Intelligence, stated that she believes …

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Inside new Bills introduced by gov’t

Kampala, Uganda | THE INDEPENDENT | Government has moved a step in realizing President Museveni’s legislative agenda for the financial year 2022/23 with five Bills tabled on Wednesday, 24 August 2022. The Bills include the Anti-Money Laundering (Amendment) Bill, Partnerships Act (Amendment) Bill, Trustees Incorporation (Amendment Bill), Cooperative Societies (Amendment) Bill and …

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Ethiopia central bank warns against trading in digital currencies

Addis Ababa, Ethiopia | Xinhua | Ethiopia’s central bank on Monday told Ethiopians not to engage in “illegal” transactions in digital currencies. The National Bank of Ethiopia (NBE) said digital currencies like crypto-currencies and bitcoins haven’t been recognized by the NBE as a transactional and payment method, state affiliated Fana Broadcasting …

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Uganda to be blacklisted over money laundering

Kampala, Uganda | THE INDEPENDENT | Uganda’s financial industry risks being blacklisted by international systems for failure to put in place measures that can effectively prevent financial crimes like money laundering. This is a requirement by the Financial Action Task Force (FATF), a global inter-governmental organisation on the initiative of the …

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Uganda to be blacklisted over money laundering

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 …

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DPP withdraws appeal in case against lawyer Paul Wanyoto

Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions Jane Frances Abodo has withdrawn an appeal challenging a decision by the Anti-Corruption Court that money laundering charges were maliciously instituted against lawyer Paul Wanyoto Mugoya. The notice communicating the withdraw of the appeal against Wanyoto and businessman Mugisha Patrick …

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DPP withdraws charges against lawyer Nicholas Opiyo

Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions has withdrawn money laundering charges against Chapter Four Uganda Executive Director Nicholas Opiyo. Opiyo had been accused of fraudulently receiving a sum of USD 340,000 (1.2 billion Shillings) through the Chapter Four Uganda account in Absa Bank. The state said …

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Court orders DPP to commit Nicholas Opiyo for trial

Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption High Court Judge Lawrence Gidudu has given the Directorate of Public Prosecutions seven days to have committed Chapter Four Director, Nicholas Opiyo to face trial on charges of money laundering. Gidudu said he will dismiss the charges against Opiyo if he is not …

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