UGANDA: FATF AML/CFT ASSESSMENT FOLLOW-UP REPORT

On 19 January, FATF issued the 9th follow-up report and 4th technical compliance update on Uganda.  It says that Uganda has made significant overall progress in resolving the technical compliance shortcomings identified in its mutual evaluation report and ratings for 2 FATF 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, the FATF-style regional body, of the progress made in improving and implementing its AML/CFT measures.  The follow-up report (FUR) analyses the progress Uganda made in addressing the technical compliance deficiencies identified in its 2015 MER and ensuing FUR.

https://www.fatf-gafi.org/content/dam/fatf/documents/ESAAMLG-Follow-Up-Report-Uganda-2022.pdf.coredownload.pdf

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

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