Uganda promises more robust anti-money laundering measures at the 49th ESAAMLG Meeting, emphasizing financial crime prevention, intelligence sharing, and policy harmonization.

President Museveni has reaffirmed Uganda's commitment to supporting regional and global efforts to build a more transparent and safe financial system.

President Museveni stated that anything relating to financial crime posed a direct danger to national security, economic stability, and development; hence, he called upon all countries in Eastern and Southern Africa to step up cooperation in the fight against money laundering and terrorism financing.

While addressing the opening session of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) conference, Museveni underscored the urgent need for collective measures to dismantle illicit financial networks.

Money laundering, terrorism financing, and production of weapons of mass destruction not only constitute financial crimes in the President's eyes; they undermine the very foundation of their economic stability, development, and national security.

Uganda has taken intentional steps to strengthen its anti-money laundering and combating financing of terrorism legal, regulatory, and operational framework, according to Henry Musasizi, Minister of State for General Duties, who spoke on behalf of Finance Minister Matia Kasija.

Uganda has adopted a risk-based approach to supervision, according to Musasizi. The head of Uganda's delegation, Ramathan Ggoobi, the Permanent Secretary of the Finance Ministry and the Secretary to Treasury, stated that a more coordinated, strategic, and flexible response is necessary due to the abuse of new technologies, the cross-border character of illicit financial flows, and the remaining weaknesses in the frameworks for anti-money laundering and countering the financing of terrorism.