Tag Archives: FATF

Kampala, Uganda | THE INDEPENDENT | Uganda is on the way to being removed from the warning list of a global financial Industry monitoring agency, but experts warn of new challenges. The Financial Action Task Force, FATF, has commended the country for the measures it has put in place to …

Johannesburg, South Africa | Xinhua | South African President Cyril Ramaphosa said Monday that the grey listing of South Africa by the Financial Action Task Force (FATF) is an opportunity for the country to improve its ability to tackle financial and illicit crimes. Ramaphosa made the remarks in his newsletter on …

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 …

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 …

Belgian in alleged US$1bn scam Kampala, Uganda | HAGGAI MATSIKO | President Yoweri Museveni commissioned it on Feb.20 amidst pomp and celebration, but just nine months later African Gold Refinery (AGR) has run into big trouble. Its Belgian owner, Alain Goetz, has been uncovered as a dealer in so-called “conflict or blood …