Uganda's progress in strengthening measures to tackle money laundering and terrorist financing

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English

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Uganda: Follow-up Report 2022

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ESAAMLG-Follow-Up-Report-Uganda-2022.pdf
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This follow-up report analyses the progress Uganda made in addressing the technical compliance deficiencies identified in its 2015 MER and ensuing FURs.

Uganda has made significant overall progress in resolving the technical compliance shortcomings identified in its MER and ratings for two Recommendations have been revised.

The country has addressed the deficiencies in respect of the following Recommendations which have been re-rated as follows:

  • Recommendation 12 (initially rated PC) is re-rated to Compliant
  • Recommendation 22 (initially rated PC) is re-rated to Largely Compliant

Uganda will remain in enhanced follow-up and will continue to inform ESAAMLG of the progress made in improving and implementing its AML/CFT measures.

 

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Uganda Follow-Up Report 2022

missOrigin

R.1 - Assessing risk & applying risk-based approach
PC
R.2 - National cooperation and coordination
LC
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
C
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
C
R.7 - Targeted financial sanctions related to proliferation
NC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
C
R.10 - Customer due diligence
LC
R.11 - Record keeping
C
R.12 - Politically exposed persons
C
R.13 - Correspondent banking
C
R.14 - Money or value transfer services
LC
R.15 - New technologies
PC
R.16 - Wire transfers
C
R.17 - Reliance on third parties
C
R.18 - Internal controls and foreign branches and subsidiaries
C
R.19 - Higher-risk countries
PC
R.20 - Reporting of suspicious transactions
C
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
LC
R.23 - DNFBPs: Other measures
LC
R.24 - Transparency and beneficial ownership of legal persons
NC
R.25 - Transparency and beneficial ownership of legal arrangements
NC
R.26 - Regulation and supervision of financial institutions
NC
R.27 - Powers of supervisors
PC
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
C
R.30 - Responsibilities of law enforcement and investigative authorities
PC
R.31 - Powers of law enforcement and investigative authorities
LC
R.32 - Cash couriers
C
R.33 - Statistics
NC
R.34 - Guidance and feedback
PC
R.35- Sanctions
LC
R.36 - International instruments
C
R.37 - Mutual legal assistance
PC
R.38 - Mutual legal assistance: freezing and confiscation
PC
R.39 - Extradition
NC
R.40 - Other forms of international cooperation
PC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Related reports: 

See also 

Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)

The Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) is a is a FATF-Style Regional Body (FSRB). The main objectives of ESAAMLG are to adopt and implement the 40 Recommendations of the FATF; apply anti-money laundering measures to all serious crime and implement measures to combat the financing of terrorism. ESAAMLG's objective is also to implement any other measures contained in the multilateral agreements and initiatives relevant to prevention and control of laundering of proceeds of all serious crimes and the financing of terrorism and proliferation of weapons of mass destruction.
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The FATF Recommendations

The FATF Recommendations are the basis on which all countries should meet the shared objective of tackling money laundering, terrorist financing and the financing of proliferation. The FATF calls upon all countries to effectively implement these measures in their national systems.

Mutual Evaluations

The FATF conducts peer reviews of each member on an ongoing basis to assess levels of implementation of the FATF Recommendations, providing an in-depth description and analysis of each country’s system for preventing criminal abuse of the financial system
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The 2022 and 2013 Methodologies for Assessing Technical Compliance with the FATF Recommendations and the Effectiveness of AML/CFT/CPF Systems

These documents are guides intended for use by assessors who are tasked with conducting a mutual evaluation. They provide a structured framework of analysis that ensures a level of consistency and high quality of the mutual evaluation reports produced. Latest update: August 2024