Uganda
Photo by Peter Reid via Flickr
In Uganda, Global Financial Integrity (GFI) works with local partners to advocate for a more transparent and robust financial and trade system. GFI produces research and programs specific to how illicit financial flows, corruption and other key issues affect local communities in Uganda. An important aspect of this effort is a focus on fighting corruption and improving transparency in the mining sector in order to reduce illicit financial flows.
Factsheets:
Global Financial Integrity (GFI) has partnered with the Advocates Coalition for Development and Environment (ACODE) to produce a series of informational pamphlets. These factsheets examine Beneficial Ownership and IFFs in Uganda. The first provides a Q&A on the Beneficial Ownership Law in Uganda. The second looks at the nexus between illicit financial flows (IFFs) and issue areas that are not always thought of as having an immediate connection to money laundering and corruption, including environmental protection, human rights, natural resource governance, and gender equality in Uganda. This pamphlet employs a series of context-specific case examples that demonstrate these connections and identify key areas for policy improvement. Using this innovative approach, the pamphlet is geared towards the needs of key stakeholders in Uganda and provides the requisite evidence base to advocate for the use of financial transparency and anti-money laundering tools such as beneficial ownership as ways to tackle the negative impacts of illicit financial flows.
Download the PDFs here:
Beneficial Ownership Uganda
July 24,2023.
GFI and partners in Uganda, the Advocates Coalition for Development and Environment (ACODE), have joined forces to co-produce an insightful and comprehensive two-part series of factsheets. These factsheets delve deep into the topic of beneficial ownership information disclosure in Uganda and shed light on the country’s beneficial ownership laws, while also exploring the crucial role of various stakeholders in the process.
In the first part of the series, GFI and ACODE examine the concept of beneficial ownership information disclosure in Uganda. Through research and analysis, they provide a clear understanding of the importance of disclosing beneficial ownership information for combating illicit financial flows, promoting transparency, and preventing corruption. The factsheets highlight the current state of beneficial ownership information disclosure in Uganda, identify gaps and challenges, and propose potential solutions to enhance the effectiveness of the disclosure mechanisms.
In the second part of the series, GFI and ACODE shift their focus to the beneficial ownership laws in Uganda and the critical role played by stakeholders. By exploring the legal framework surrounding beneficial ownership, they shed light on the existing regulations, their strengths, and areas for improvement. Additionally, the factsheets outline the responsibilities and contributions of various stakeholders, including government agencies, in ensuring effective implementation and enforcement of beneficial ownership laws. Through their collaborative efforts, GFI and ACODE aim to foster informed discussions, promote policy reforms, and advance the cause of transparency and accountability in Uganda’s financial system.
Download the PDFs here:
- Beneficial Ownership Ownership Disclosure in Uganda.
- Beneficial Ownership Laws in Uganda and the Role of Stakeholders.
Events:
Trade Based Money Laundering: Workshop and Consultative Roundtable
21&22 October, 2021
GFI hosted a two-day virtual workshop & consultative roundtable on Trade-Based Money Laundering (TBML) for Civil Society Organizations in Kenya. The training’s main objective was to shine a light on how TBML affects a country’s economy and day-to-day livelihoods.
Discussion: How are Illicit Financial Flows Affecting Communities in Uganda?
February 24, 2021
Lakshmi Kumar from Global Financial Integrity, Dan Ngabirano from Development Law Associates, James Muhindo from CSCO and Mr. Michael Olupot-Tukei from Financial Intelligence Authority discussed Illicit Financial Flows in Uganda related to money laundering, corruption, environmental protection, human rights, natural resource governance and gender equality.
Videos:
Vulnerabilities of the Gold Trade in Uganda.
GFI, in partnership with ACODE Uganda, identified ways to curb illicit financial flows in Uganda’s gold sector.
Beneficial Ownership and Financial Transparency in Uganda.
Why is Beneficial Ownership Transparency important?
Collecting beneficial Ownership information is key to combatting tax evasion, corruption, money laundering , shell companies and terrorism financing.
Trade Based Money Laundering Uganda.
Want to understand the risks of Trade Based Money Laundering (TBML) in Uganda & how to mitigate them? Check out this informative video by Global Financial Integrity and ACODE Uganda offering key recommendations on how to curb this illicit activity.