Uganda, April 16 -- The Financial Action Task Force (FATF), in its biannual plenary that sat in Paris from 21 to 23 February 2024, removed Uganda from the FATF Grey list. Uganda had been on this list since 2020. The FATF grey list, also known as "Jurisdictions under increased monitoring," is a list of countries that are considered to have strategic deficiencies in their systems for fighting Money Laundering (ML), Terrorism Financing (TF), and Proliferation Financing (PF).

The FATF grey list is published to assist member countries financially dealing with grey-listed countries to do so carefully by taking into consideration the published information in their risk analysis. It is also to highlight that those countries have made a political...