Regulatory compliance in Uganda
- The Trade Adviser
- Jul 23, 2024
- 1 min read
Updated: Jun 10
Navigating the regulatory landscape in Uganda can be challenging for businesses. This article explores the key regulations, compliance requirements, and innovative solutions to help businesses stay compliant. Understanding these aspects is crucial for maintaining credibility and unlocking opportunities in Uganda's dynamic market.
Key Takeaways
Uganda's regulatory environment is complex and constantly evolving, requiring businesses to stay informed about changes.
Financial institutions in Uganda must adhere to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations.
The Bank of Uganda plays a significant role in guiding and supervising financial institutions to ensure compliance.
Businesses must comply with the Companies Amendment Act 2022 and the Partnership Amendment Act 2022 to avoid legal issues.
Leveraging technology and automated tools can make compliance easier and more efficient for businesses.
