Uganda still on grey list for failure to curb money laundering
Uganda is in the crosshairs of anti-money laundering and terrorism financing agencies after failing to enforce regulations that could help tame the vices. PHOTO | SHUTTERSTOCK
Uganda is in the crosshairs of anti-money laundering and terrorism financing agencies after failing to enforce regulations in the non-governmental organisations (NGOs) sector and slow progress on the prosecution of money laundering and corruption cases.
This has seen its capital, Kampala’s efforts to exit the global grey list over the past three years fail.