The Fight Against Money Laundering
According to experts Uganda is what is termed as a cash economy. This makes money laundering quite difficult to control. The state attorney Peter Mugisha stated that most transactions in the country are done on a cash to cash basis making investigations on money laundering difficult since its hard to follow the money.
According to a 2014 report by the Inspectorate of Government, the estimated amount in bribes and money laundering in 2013 was Sh113Bn. Prosecution has not been the most successful especially with the investigations as the law enforcers lacked sufficient facilitation .
Stakeholders have now embarked on a 2 day training program aimed at building capacity for members of the legal profession to help in the prosecution and control of money laundering. The training was facilitated by the Conference of Western Attorney Generals Africa Alliance in partnership with the Financial Intelligence Authority.