Uganda frees NGOs and churches from anti-money laundering reporting rules
General view of the capital city of Kampala, Uganda. Any financial transaction above $10,000 is considered a large transaction and must be reported to the FIA under Ugandan laws.
A parliamentary decision to remove NGOs and churches from the list of reporting entities under Uganda’s anti-money laundering laws is likely to minimise overregulation and cut compliance costs, while presenting a rare political victory for the country’s troubled NGO sector.
This development bears a stark contrast to years of political harassment and oppression suffered by NGOs since 2010.
