IMF tells Uganda to toughen war against money laundering
IMF says Bank of Uganda needs to strengthen implementation of anti-money laundering action plan if the country is to get off the grey list. PHOTO | SHUTTERSTOCK
The International Monetary Fund (IMF) has told Bank of Uganda (BoU) to strengthen the fight against money laundering if the country is to get off the Financial Action Task Force grey list.
In June, the Financial Action Task Force noted that Uganda would remain on the grey list of countries that do not take full measures to combat money laundering and “terrorism” financing after government failed to meet the May deadline, in which it had been expected to put in place measures to fight money laundering.
