1. National Risk Assessment (NRA) 2023
Uganda conducted its second National Risk Assessment (NRA) of her money laundering (ML) and terrorist financing (TF) risks. It covers the period 2017 to 2020 for Money Laundering (ML) and the period ending December 2021 for Terrorism/Terrorism financing. The purpose of the NRA is to identify, assess, and understand the money laundering and terrorist financing risks for the country, as required by Financial Action Taskforce (FATF) Recommendation 1.
The regional meeting was held from 19th to 20th July, 2023 in Lira District. The meeting focused on enhancing the understanding of the District NGO Monitoring Committees and the key stakeholders about their roles and responsibilities. The Financial Intelligence Authority participated and presented on issues regarding Money laundering, Terrorism Financing, Proliferation Financing and their compliance obligations in related to ML/TF/PF.
In attendence were:
Further to our circular No. 4 issued on 6th March, 2023, we hereby issue Circular No5 to notify you of the on-going efforts by the Financial Action Taskforce (FATF) to identify and work with jurisdictions with strategic AML / CFT deficiencies. The FATF held its latest Plenary meeting from 21st – 23rd June 2023 and thereafter issued the following public statements identifying jurisdictions in the following categories:-
