Money Laundering: Kampala, Uganda — The Executive Director of the Finance Intelligence Authority, Sydney Asubo revealed that Uganda risks being blacklisted by the Financial Action Taskforce (FATF) if the government does not tackle money laundering by May 2022. Asubo who was appearing before the Committee on Finance said that the FATF maintains a watch list ...

The UAE Central Bank has fined six hawala operators Dh350,000 in violation of the country’s Anti Money Laundering and Combatting the Financing of Terrorism and Financing of Illegal Organisations (AML/CFT) laws. A statement issued on Wednesday said hawala providers were penalised for not registering on the regulator’s GoAML reporting system on time. “The Central Bank ...