GFI’s report ‘Unmasking The Shadows’ exposes Uganda’s opaque real estate market as a ML hub, where hidden ownership and weak oversight allow illicit funds to flow, urging transparency reforms

The report explains that although Uganda has legal frameworks for land transactions and anti-money-laundering, gaps such as the absence of a public beneficial-ownership register and weak oversight in real estate create opportunities for illicit financial flows to be concealed through property transactions. It recommends enhancing transparency and access to information in land markets, strengthening compliance in the financial system, improving interagency cooperation on information sharing and mutual legal assistance…