Financial Intelligence Authority

Ugandan Court Faults Equity Bank for Freezing Client’s UGX85 Million

by Muhereza KyamuteteraCompany NewsNews & AnalysisFebruary 14, 2025February 14, 2025

In a ruling that could redefine customer-bank relationships in Uganda’s financial sector, the High Court of Uganda has found Equity Bank Uganda Limited guilty of unlawfully freezing a customer’s account,…

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Cryptocurrency operators defy call to register with intelligence agency

by CEO ReporterNews & AnalysisMay 26, 2021May 26, 2021

The Financial Intelligence Authority (FIA) has expressed frustration over failure by cryptocurrency operators to register with the government agency.Cryptocurrency trading, also known as mining, is a growing global wave which…

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MONEY LAUNDERING: Court gives the State one month to Complete Investigations against lawyer Nicholas Opiyo

by Ephraim KasoziFinanceMay 2, 2021May 2, 2021

Court has given the state one month within which to complete investigations into the alleged money laundering case against human rights lawyer, Nicholas Opiyo.Grade One Magistrate Moses Nabende of the…

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Chapter Four’s Nicholas Opiyo’s arrest― what actually does the law say about money laundering? How legitimate are the charges against the lawyer?

by Muhereza KyamuteteraThe Big StoryDecember 27, 2020December 28, 2020

Tomorrow, December 28th 2020, human rights lawyer, Nicholas Opiyo will appear before the High Court to answer charges of Money Laundering contrary to Sections 3 (c) 116 and 136(1)(a) of…

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Banks Tighten Identification Procedures for Customers Transacting

by URNFinanceDecember 9, 2020December 9, 2020

The Financial Intelligence Authority FIA has downplayed the significance of notices being sent to some customers of commercial banks informing them of the identification requirements when making transactions with their…

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We will join DTB to appeal in Higher Court, Uganda Bankers’ Association reacts to judgement in which the bank was ordered to pay over UGX130 billion to businessman Kiggundu

by CEO ReporterFinanceOctober 8, 2020October 8, 2020

Although they are yet to receive a copy of the detailed judgement in which Diamond Trust Bank Uganda, alongside Diamond Trust Kenya, were ordered to pay business man Ham Kiggundu…

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REMAIN VIGILANT: Financial Intelligence Authority issues tips on spotting and avoiding financial crimes during Covid-19 pandemic

by Sydney AsuboFinanceThe Big StoryThought LeadershipMay 25, 2020May 25, 2020

By Sydney AsuboWith people facing confinement or strict social distancing measures, in-person banking and access to other financial services being difficult, and unnecessarily exposes people to the risk of infection….

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Delayed IGG investigations report into Bagyenda wealth irks Financial Intelligence Authority

by CEO ReporterGovernment AgenciesThe Big StoryMay 7, 2019May 7, 2019

The Executive Director of the Financial Intelligence Authority (FIA) Mr. Sydney Asubo has said his organisation is yet to get any report from the Inspectorate of Government (IG) regarding their…

Bagyenda’s wealth mystery widens, sucks in her children: Leaks show she wired Shs500m to her son’s phone

by Muhereza KyamuteteraThe Big StoryMarch 28, 2018March 28, 2018

For the disgraced and sacked former central bank Executive Director in charge of supervision, the saying that “when it rains, it pours

Financial Intelligence Authority probes Bagyenda over money laundering

by Muhereza KyamuteteraThe Big StoryMarch 24, 2018March 24, 2018

The Uganda Financial Intelligence Authority (FIA), has formally placed former Bank of Uganda Executive Director, Supervision, Mrs. Justine Bagyenda under investigation over allegations that “the assets and finances she has…