President Yoweri Kaguta Museveni has reiterated Uganda’s unwavering commitment to supporting regional and global efforts aimed at fostering a safer and more transparent financial system.
In a message delivered by Prime Minister Robinah Nabbanja at the official opening of the 49th Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) Taskforce of Senior Officials Meeting at Speke Resort, the President emphasized the need to prioritize information sharing, capacity building, and policy harmonization to enhance the region’s ability to detect, prevent, and prosecute money laundering and terrorism financing.
He also commended ESAAMLG for its role in Uganda’s successful removal from the Financial Action Task Force (FATF) grey list in 2024.
“Money laundering, terrorism financing, and the proliferation of weapons of mass destruction are not just financial crimes; they pose direct threats to our national security, economic stability, and development,” the President noted.
Minister of State for General Duties Henry Musasizi, representing Finance Minister Matia Kasaija, highlighted Uganda’s deliberate steps to strengthen its anti-money laundering and counter-terrorism financing legal, regulatory, and operational frameworks. He noted that Uganda has embraced a risk-based approach to supervision.
Meanwhile, Permanent Secretary and Secretary to the Treasury (PSST) Ramathan Ggoobi, who led Uganda’s delegation, underscored the evolving challenges in the fight against financial crimes.
He pointed out the misuse of emerging technologies, cross-border illicit financial flows, and lingering vulnerabilities within existing anti-money laundering frameworks, calling for a more unified, strategic, and adaptive response.
