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 the
Financial Action Taskforce (FATF).

The strategy aims “to secure the nation and its citizens against money laundering (ML), terrorist financing (TF), and proliferation financing (PF)”.

The Strategy comprises six key objectives: –

  1. Enhance compliance with the Financial Action Task Force (FATF) Recommendations.
  2. Strengthen Uganda’s legal and regulatory framework to counter money laundering, terrorism financing and proliferation financing.
  3. Strengthen the capacity of stakeholders to implement the AML/CFT/PF requirements.
  4. Enhance regional and international cooperation on matters relating to AML/CFT/PF.
  5. Enhance the investigation, prosecution and adjudication of AML/CFT/PF matters.
  6. Strengthen national coordination and cooperation of AML/CFT/PF matters.

The Mutual Evaluation Report (MER) 2016 on Uganda’s AML/CFT measures and the National Risk Assessment (NRA) Report 2017 on Uganda’s ML/TF risks and vulnerabilities identified gaps; some of which relate to implementation of ML, TF and PF.

A robust legal and administrative framework to combat Proliferation Financing that is consistent with the UN standards, best practice and Financial Action Taskforce (FATF) standards and recommendations is key.

Following the amendment of the Anti-Terrorism Act (2002) (see Anti-Terrorism Amendment Act 2022 and Anti-terrorism Regulations 2023) to provide for the offence of proliferation financing, the Ministry of Internal Affairs hereby issues these guidelines on implementation of Targeted Financial Sanctions (TFS).

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