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49th Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Taskforce of Senior Officials meeting at Speke Resort Munyonyo
President Museveni has reaffirmed
Uganda's commitment to continue supporting regional & global initiatives
aimed at building a safer and more transparent financial system.
Museveni's message delivered by the Prime
Minister, Robina Nabbanja at the official opening of the
49th Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Task force of Senior Officials meeting at Speke Resort Munyonyo.
The President
said priority should be given to information sharing, capacity building and harmonisation
of policies that will enhance the region's ability to detect, prevent and
prosecute money laundering and terrorism financing.
The 49th
ESAAMLG Task Force of Senior Officials Meeting brings together key stakeholders
from Eastern and Southern Africa to strengthen regional collaboration in
combating financial crimes and promoting financial integrity.
Museveni commended ESAAMLG for
its contribution towards the removal of Uganda from the FATF grey list in 2024.
"Money laundering and the financing of
terrorism and proliferation of weapons of mass destruction are not mere
financial crimes, they pose direct threats to our national security, economic
stability and development," said the President.
Minister of State for General
Duties, Henry Musasizi who represented Finance Minister, Matia Kasija said Uganda has taken deliberate steps to
enhance its anti-money laundering/combating financing of terrorism legal, regulatory
and operational regime.
Musasizi said Uganda has embraced a risk-based approach
to supervision.
The Finance Ministry Permanent
Secretary and the Secretary to Treasury, Ramathan Ggoobi, also the head of Uganda's delegation said the
misuse of emerging technologies, the cross-border nature of illicit financial flows,
and the lingering vulnerabilities within the frameworks for anti-money
laundering/ combating financing of terrorism call for a more unified, strategic
and adaptive response.
Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Task
Force of Senior Officials Meeting provides a strategic platform for countries
in the region to review progress in implementing Financial Action Task Force
(FATF) recommendations on Anti-Money Laundering / Combating the
Financing of Terrorism.
It discusses
regional challenges in tackling financial crimes and propose joint solutions.
Assess mutual evaluation reports to ensure compliance with international
AML/CFT standards.
It enhances cooperation between financial intelligence units
(FIUs) and law enforcement bodies.
As
the host country, Uganda reaffirms its commitment to strengthening financial
intelligence and compliance measures to safeguard the economy against illicit
financial flows.
The Financial Intelligence Authority (FIA Uganda) has been at
the forefront of enhancing anti-money laundering and countering financing of terrorism.
