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 finance
of commercial transactions 1 as accountable persons and therefore imposes duties and responsibilities on them to prevent and detect money laundering and the financing of terrorism.

The purpose of this Guidance is to provide industry specific guidance for tier 4 microfinance institutions on their legal obligations for measures to deter and detect money laundering and the financing of
terrorism activities. It provides clarity and an interpretation of the issues arising out of the AMLA and the Anti-Money Laundering (AML) regulations.

This Guidance explains the most common situations under the specific laws and related regulations which impose Anti-Money Laundering/Countering Financing of Terrorism (AML/CFT) requirements. It is not legal advice, and is not intended to replace the Acts and Regulations but is provided as general information only.

More details in the document below;

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