Investors’ confidence improved after Uganda is removed from the FATF Grey list
The Minister of Finance Matia Kasaija has said the cost of doing business in the country could reduce after the Financial Action Task Force, removed Uganda from the Grey list after four years. Financial Action Task Force, a global body mandated to lead action to counter threats of abuse of the financial system by criminals and terrorists, placed Uganda on its grey list in 2020 due to issues regarding shortfalls in anti-money laundering and counter-terrorism financing measures. Kasaija says the development will also build investor confidence and reinforce Uganda's global reputation.