Collaboration Key to Fighting Money Laundering - Expert
Government agencies have been advised to work together to stem the vice of money laundering that is on the rise in the country.
Money laundering
12 Arrested over Theft of $1.8m from Stanbic Bank
The Special Investigations Division in coordination with the Fraud Department at Stanbic Bank, Uganda, has arrested and detained nine suspects in connection with irregular withdrawal of $1.8m from Stanbic Bank Uganda.
Global Anti-money Laundering Market to Hit $7.7 billion by 2030 - Report
The global anti-money laundering market size is expected to reach $7.7 billion by 2030, according to a new study by Research and Markets. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
UMRA to Launch Nationwide Crackdown on Unlicensed Money Lenders
The Uganda Microfinance Regulatory Authority (UMRA) is set to roll out an operation targeting organizations and individuals illegally involved in the money lending sector.
Ugandans Warned against Illegal Saving and Investment Schemes
The Capital Markets Authority (
Our Friends Are at it Again...
By K. David Mafabi
Nicholas Opiyo Charged With Money Laundering After Bank Account Credited with $340,000
The Executive Director of Chapter Four, Mr Nicholas Opiyo, was on Thursday afternoon charged at Nakawa Chief Magistrates Court with money laundering and neglect to submit annual returns to the NGO Bureau and remanded till December 28, 2020.
Kawempe Police Arrest Man for Giving out ‘Free’ Money
By Fred Kiva
Police in Kawempe have arrested a 36-year old man for alleged money laundering, after he mobilized people for ‘free’ money to be deposited onto their bank accounts.
