UGANDA: AML/CFT MUTUAL EVALUATION NINTH FOLLOW-UP REPORT

On 9 November, FATF-style regional body ESAAMLG published this report.  Uganda has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report in 2016.  Since its 2016 MER and its September 2021 follow-up report, Uganda has made progress in addressing deficiencies against FATF Recommendations 12 and 22 (initially rated PC) and the ratings for these recommendations is upgraded with Compliant (C) and Largely Compliant (LC) respectively.  Uganda is now compliant on 15 of the 40 Recommendations and largely compliant on 8 of them.  It remains non-compliant on 8 Recommendations and partially compliant on 9 Recommendations. Uganda will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures.

https://www.esaamlg.org/reports/9th%20FUR%20of%20Uganda-%20September%202022.pdf

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Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017