About AML - Uganda

Money laundering disguises illicit funds to appear legitimate, undermining Uganda’s financial integrity and society. Anti‑Money Laundering (AML) requires MSBs to comply with the AML Act, 2013 and Regulations, 2015 through monitoring, reporting suspicious transactions, and record‑keeping. Remittance companies, currency exchange bureaus, and mobile money operators are prime targets, making staff training and vigilance essential. Failure to report suspicious activity can lead to severe penalties, fines, or licence cancellation, highlighting the importance of strong compliance measures.

By the end of this course, you will be well versed in:

  • What money laundering is and its stages?

  • Why stopping money laundering is critical under Ugandan law?

  • The impact of money laundering on MSBs

  • AML regulations and the role of the FIA

  • Risk based approaches to combat ML/TF

  • Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD)

  • How to report suspicious transactions to the FIA?

  • Record keeping obligations and consequences of non compliance

  • Data protection responsibilities under Ugandan law

  • Training staff to recognize and prevent money laundering

Highlights of this course

  • Fully online learning

  • Hassle free online assessment

  • Approximate duration: 3 hours

  • Certified course - certificate issued upon successful completion (80% score required to pass)

Who will benefit from this course?

  • Compliance officers, cashiers, and frontline staff of MSBs in Uganda

  • New entrants to the money services sector

  • Individuals seeking employment in MSBs

Course curriculum

    1. Course Overview

      FREE PREVIEW

    1. Introduction to Money Laundering

    2. How well did you understand the chapter

    1. AML Laws and Governing Bodies

    2. How well did you understand the chapter

    1. Risk Based Approach

    2. How well did you understand the chapter

    1. Customer verification and KYC

    2. How well did you understand the chapter

    1. Reporting and Record Keeping

    2. How well did you understand the chapter

About this course

  • £59.00
  • 14 lessons

Discover your potential, starting today