The Inspectorate of Government has signed a memorandum of understanding with the finance intelligence authority with an intention of teaming up to fight money laundering in Uganda. This follows recent enactment of the Anti-money laundering act which created this authority to fight money laundering in Uganda.
Addressing a joint press conference at the IGG’s office, the Executive Director Finance Intelligence Authority Sydney Asubo says that under this arrangement they will be sharing information formally with the IGG especially to enable Smooth prosecution of corrupt. He explains in Uganda money laundering manifests it’s self in corruption, thus this positive syndicate concerted effort will be paramount. He adds Uganda has been identified as one of the best destinations for laundered money from neighboring countries while those from Uganda mainly keep their illegal monies in countries like Congo, Kenya, Dubai, Sudan and others.
The Inspector General of Government Irene Mulyagonja says this memorandum of Understanding will strengthen the investigations of the corrupt and swindling of the tax payers money through information sharing.