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The Uganda Financial Intelligence Authority (UFIA), is a government agency established by the Parliament of Uganda to monitor, investigate, and prevent money laundering in the country. It is also responsible for the enforcement of Uganda's anti-money laundering laws and the monitoring of all financial transactions inside the country's borders.
The Uganda Microfinance Regulatory Authority (UMRA) is a government agency responsible for the licensing, supervision and regulation of Tier-4 micro finance institutions, money lenders, savings cooperatives and any money-lending institution with capital of less than USh500 million (US$140,000).
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Uganda Retirement Benefits Regulatory Authority This page was last edited on 5 December 2019, at 10:21 (UTC). Text is available under the Creative Commons ...
The Anti-Money Laundering Improvement Act established national and international policies to prevent and combat money laundering and terrorist financing. [1]It protects the integrity of financial institutions by detecting money laundering activities, which involve converting illegally obtained funds into legitimate assets through complex transactions and disguising the proceeds as lawful funds.
Secondary regulation is provided by the Money Laundering Regulations 2003, [85] which were replaced by the Money Laundering Regulations 2007. [86] They are directly based on the EU Directives 91/308/EEC, 2001/97/EC and (through the 2007 regulations) 2005/60/EC. The regulations list a number of supervisory authorities who have a role in ...
The creation, maintenance, and regulation, through implementation of a system in which market participants are self-regulatory to the maximum practicable extent, of a market in which securities can be issued and traded in an orderly, fair, and efficient manner.
Money laundering is the process of illegally concealing the origin of money obtained from illicit activities (often known as dirty money) such as drug trafficking, underground sex work, terrorism, corruption, embezzlement, and treason, and converting the funds into a seemingly legitimate source, usually through a front organization.