Posted inInvestments

Oil money raises money-laundering fears in Bunyoro

The oil boom is transforming Bunyoro into one of Uganda’s fastest-growing economic zones, but the Financial Intelligence Authority (FIA) is warning that the surge in money and investment could also create fresh avenues for criminals to launder illicit proceeds. The authority has identified land transactions, money lending, corruption in local governments, cross-border trade and smuggling […]

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