BOU gets tough on forex flow

Foreign exchange bureau operators in Uganda have been issued with new guidelines on how to tackle money laundering. This focus on forex operators is part of the Uganda Bankers Association's 'Know Your Customer' (KYC) nationwide anti-money laundering campaign.

Source: All Africa News

The Bank of Uganda (BOU) has given foreign exchange bureaus operators new guidelines on how to tackle money laundering. These include reporting any suspicious transactions to BOU.

Dr. Marios Obwona, the BOU executive

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