Government plans to amend the Anti-money laundering Act 2013 to remove non-profit making organizations, as accountable persons, authorities said on Monday.
The Anti-Money Laundering Act, 2013 (AMLA) was passed to provide for the prohibition and prevention of money laundering by establishing the Financial Intelligence Authority (FIA) to combat money laundering activities, impose certain duties on institutions such as NGOs, churches and other charitable organizations
“By those findings, the NPOs and international partners Uganda have made a decision to amend the money laundering Act 2013 to remove non- profit organization, NGOs as accountable persons,” he revealed.
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