The government of Uganda has reaffirmed its commitment to combating money laundering, terrorism financing, and proliferation financing during the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) task force meeting of senior officials.
The ongoing meeting that started from March 28 , 2025, at the Speke Resort Munyonyo in Kampala has brought together different dignitaries from all over Africa to discuss strategies for strengthening financial crime prevention strategies.
Speaking during the opening ESAAMLG meeting earlier today Wednesday April 2, 2025 the Prime Minister Rt. Hon. Robinah Nabbanja noted that beyond the technical benefits, hosting the conference positions Uganda to boost its tourism industry, increase foreign exchange earnings, and enhance public awareness of the rising financial crimes facilitated by technological advancements.
“Uganda will reap big through boosting Uganda’s tourism industry, increase Forex earning and increasing public awareness and visibility to the rising financial crimes in Africa as result of technology, “Nabbanja said.
The meeting which will end on to April 4,2025 aims to build on the resolutions from the previous ESAAMLG gathering that was held in Kenya, which called for enhanced cross-border cooperation in financial intelligence sharing, stricter enforcement of anti-money laundering laws, and capacity building for financial institutions to detect illicit financial flows.
Delegates are expected to assess the progress made in implementing these measures while discussing new threats posed by evolving digital financial systems.
Uganda’s Financial Intelligence Authority (FIA) has reiterated its commitment to implementing these resolutions, ensuring compliance with global financial security standards, and strengthening partnerships with regional and international stakeholders.
