Section 15: Anti-money laundering and countering financing of

Microfinance Deposit-Taking Institutions (Agent Banking) Regulations

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Consolidated text

terrorism (1) A microfinance deposit-taking institution shall train its agents on anti-money laundering and combating of financing of terrorism requirements as provided for in the Anti-Money Laundering Act and Anti- Terrorism Act. (2) A microfinance deposit-taking institution shall set limits for purposes of combating money laundering and terrorist financing. (3) A microfinance deposit-taking institution shall notify the Bank of Uganda of the limits set under subregulation (2) or any revisions made on the limits. (4) For the avoidance of doubt, the Bank of Uganda reserves the right to direct a revision of any limits set under subregulation (2).

Source: laws_africa.