What removal of Uganda from FATF grey list means
Uganda, Feb. 28 -- Uganda on February 23 exited the global financial grey list, marking an end to four years of wait and fear that the country could end up on the black list.
Government officials at the weekend greeted the exit with excitement, saying getting off the Financial Action Task Force (FATF) grey list reaffirms the government's commitment to combating money laundering and terrorist financing and preserving the integrity of the international financial system.
The FATF plenary last Friday removed Uganda, Barbados, Gibraltar, and the United Arab Emirates from its list of countries under increased monitoring. FATF congratulated them for plugging the gaps in anti-money laundering (AML) and combating the financing of terrorism (CFT)...
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