ESAAMLG’s 16th Enhanced Follow-Up Report on Uganda finds stronger sanctions and preventive measures but critical gaps in BO transparency, supervision, and ML enforcement

The report assesses Uganda’s progress against FATF Recommendations and notes improvements in areas including targeted financial sanctions, preventive measures, and international cooperation frameworks, resulting in several technical compliance upgrades. ESAAMLG also identifies continuing concerns relating to supervision of higher-risk sectors, beneficial ownership transparency, operational capacity, and the effectiveness of money laundering investigations, prosecutions, and asset recovery measures…