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ANTI-MONEY LAUNDERING GUIDELINES.pdf

ANTI-MONEY LAUNDERING GUIDELINES.pdf
File Size:
122.09 kB
Date:
25 April 2014

ANTI MONEY LAUNDERING GUIDELINES

In 2013 the Parliament of Uganda passed into law the Anti-Money Laundering Act 2013 (the Act). This arose from the need to curb the increasing complexity and sophistication in schemes involving multiple parties, and multiple methods of handling and transferring criminal property as well as concealing it and entering into arrangements to assist others to do so not forgetting the dangers associated with terrorist financing.

The Act lists “Accountants as defined in the Accountants Act” as among accountable persons.
As a result ICPAU developed this Guidance to assist accountants in complying with their obligations, arising from Anti-Money Laundering legislation in Uganda, in relation to the prevention, recognition and reporting of money laundering.

 
 
 
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