Will Uganda exit the infamous grey list now?

dollars

Someone handing out dollar notes in an office. PHOTO | SHUTTERSTOCK

Uganda’s quest to exit the international anti-money laundering grey list remains shrouded in uncertainty despite compliance actions undertaken this year.

The global Anti-Money Laundering/Combating of the Financing of Terrorism (AMF/CFT) grey list comprises countries with enforcement weaknesses and are subject to intense monitoring to upgrade their compliance ratings.