Uganda's measures to combat money laundering and terrorist financing

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English

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The  (ESAAMLG) completed its assessment of Uganda's anti-money laundering and counter-terrorist financing (AML/CFT) system. The assessment is a comprehensive review of the effectiveness of Uganda's AML/CFT system and its level of compliance with the FATF Recommendations. 

The report was formally adopted by ESAAMLG in April 2016.  The findings of this assessment have also been reviewed and endorsed by the FATF. 

Uganda’s AML/CFT regime, despite the risk it is facing, particurly on terrorist financing, is still not that developed. The report presents the key findings of the assessment team and the priority actions for Uganda to improve its AML/CFT system.

ESAAMLG - Mutual Evaluation of Uganda

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ESAAMLG-mutual-evaluation-Uganda-2016.pdf
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Technical Compliance

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

Uganda Mutual Evaluation 2016

R.1 - Assessing risk & applying risk-based approach
NC
R.2 - National cooperation and coordination
PC
R.3 - Money laundering offence
PC
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
NC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
NC
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
PC
R.11 - Record keeping
NC
R.12 - Politically exposed persons
NC
R.13 - Correspondent banking
C
R.14 - Money or value transfer services
PC
R.15 - New technologies
NC
R.16 - Wire transfers
NC
R.17 - Reliance on third parties
NC
R.18 - Internal controls and foreign branches and subsidiaries
NC
R.19 - Higher-risk countries
NC
R.20 - Reporting of suspicious transactions
NC
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
PC
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
NC
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
PC
R.30 - Responsibilities of law enforcement and investigative authorities
PC
R.31 - Powers of law enforcement and investigative authorities
PC
R.32 - Cash couriers
NC
R.33 - Statistics
NC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
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

Effectiveness

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Ratings that reflect the extent to which a country's measures are effective. The assessment is conducted on the basis of 11 immediate outcomes, which represent key goals that an effective AML/CFT system should achieve.

Uganda Mutual Evaluation 2016

IO1
LE
IO2
LE
IO3
LE
IO4
LE
IO5
LE
IO6
LE
IO7
LE
IO8
LE
IO9
LE
IO10
LE
IO11
LE

HE = high level of effectiveness   |   SE = substantial level of effectiveness    |   ME = moderate level of effectiveness   |   LE = low level of effectiveness

Related materials

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