In the context of the “Strengthening Uganda’s Anti Corruption Response (SUGAR)” project, funded by the UK Department for International Development (DFID), experts from the Basel Institute’s International Centre for Asset Recovery (ICAR) conducted a four- day training workshop on the concepts and process for conducting a Money Laundering/Terrorism Financing (ML/TF) National Risk Assessment (NRA) for representatives from governmental authorities, supervisory authorities and private sector, in Kampala, Uganda, from 19 – 22 January 2016.

The aim of the overall SUGAR project, implemented by a consortium led by Adam Smith International, is to address corruption in Uganda by supporting several central governmental institutions simultaneously in a “chain linked” approach to increase the risk for those engaging in corruption. Within this context, the first work stream of the project aims to strengthen the country’s capability to prevent and detect corruption and money laundering.

As part of its contribution to the project and building on its expertise, ICAR delivered a four-day training on “National ML/TF Risk Assessment”. Uganda is about to start the NRA process in order to identify, assess and mitigate its ML/TF risks. The main goal of the training was to get officials of the main AML/CFT stakeholders of Uganda, who will be also participating in the NRA process, acquainted with fundamental concepts related to the NRA (as required by the FATF Recommendations) as well as with fundamental elements of the assessment process.

The training brought together some 65 representatives of Ugandan governmental authorities, supervisory authorities and private sector, active in the field of anti money laundering and countering the financing of terrorism.