ChimpReports·3 min read·medium

Musasizi Tasks FIA to Keep Uganda Off Grey List of Money Laundering, Terrorism Financing

C
Christopher Kiiza
Musasizi Tasks FIA to Keep Uganda Off Grey List of Money Laundering, Terrorism Financing
AI Summary

Ugandan Finance Minister Henry Musasizi has urged the Financial Intelligence Authority to maintain strict anti-money laundering standards to avoid being placed back on the FATF grey list. Failure to comply with these international financial regulations could lead to severe economic sanctions.

The Minister of Finance Henry Musasizi has asked the Financial Intelligence Authority (FIA) to ensure that all the necessary requirements are fulfilled to keep the integrity and stability of Uganda’s financial system.

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