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Sacco & Microfinance Guidebook

SACCO & MICROFINANCE GUIDEBOOK The SACCO and Microfinance Guide Book 2024 is out and can be accessed throughour website www.umra.go.ug. The Guidebook highlights our milestones, achievements,next steps and a number of other important information concerning the performance ofthe Microfinance sector in Uganda.
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CIRCULAR ON UMRA LICENSED DIGITAL LENDERS

CIRCULAR ON UMRA LICENSED DIGITAL LENDERS The Uganda Microfinance Regulatory Authority (UMRA) is hereby issuing a circular directing digital lenders to remain compliant with the Tier 4 Digital Lending guidelines that the Authority issued recently. The Authority has noted with concerns that some licensed digital credit providers may be engaging in misleading or deceptive representation, […]
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Guidelines on Implementation of Targeted Financial Sanctions in Uganda

The National Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) Strategy provides the approach which Uganda has adopted to tackle ML, TF and PF over the next five years. It also presents Uganda’s priorities and objectives in adhering to international standards and obligations set by theFinancial Action Taskforce (FATF). The strategy aims “to secure the nation […]
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Guidance Notes on Anti-Money Laundering and Combating the Financing of Terrorism

This Guidance is issued by the Uganda Microfinance Regulatory Authority (UMRA) pursuant to S. 27 of the Anti-Money Laundering Act, 2013 as amended. The Anti- Money Laundering Act, 2013 (the “AMLA”) identifies any person who conducts the business of lending, inter alia; consumer credit, mortgage credit, factoring with or without recourse and financeof commercial transactions […]
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Renewal of Licenses for Calendar Year 2024

Uganda Microfinance Regulatory Authority (UMRA) was established under the Tier4 Microfinance Institutions and Money Lenders Act, 2016 to license, regulate and supervise all Tier 4 Microfinance Institutions and Money Lenders in Uganda. The Tier 4 Institutions include Savings and Credit Cooperatives (SACCOs), NonDeposit Taking Microfinance Institutions, Self Help Groups, and Moneylenders. The Authority hereby informs […]
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