The Financial Intelligence Authority (FIA) has signed a memorandum of understanding (MoU) with the National Identification and Registration Authority (NIRA), granting the FIA ease of access to data on citizens’ national IDs as one of the ways to fighting money laundering and terrorism financing.

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FIA-NIRA MoU Signing

The Financial Intelligence Authority (FIA) on Tuesday 6th October 2020 held a workshop to officially commence the ML/TF Risk Assessment of Legal Persons and Arrangements in Uganda.

The Financial Intelligence Authority requires all Virtual Asset Service Providers to comply with all the legal requirements in the Anti-Money Laundering Act, Cap 118 (as amended), the regulations made thereunder and all relevant guidelines issued by the Financial Intelligence Authority. All Virtual Asset Service Providers are therefore required to register with the Financial Intelligence Authority as accountable persons within 30 days from the day of publication of the Instrument in the National Gazette.

Banks have complied with the requirement of submitting suspicious transaction reports and large cash transactions reports in the manner prescribed by the FIA.

H.E. Kaguta Museveni launched a new anti-corruption campaign to #ExposeTheCorrupt yesterday at the State House in Entebbe. The Financial Intelligence Authority (FIA) will be part of the collaborative effort by the anti-corruption agencies including the Inspectorate of Government (IG), AntiGraft State House Unit, Office of the Auditor General and the Uganda Police to collectively rally the citizenry and media to expose corrupt government officials.