ICAR training pays off: first money laundering conviction in Uganda
In May 2017, Ugandan prosecutors secured convictions for money laundering in the Equity Bank trial, the first case of its kind in the country. Six of the accused in this trial, involving the embezzlement of $1,450 million from the bank, were convicted by the Anti-Corruption Court in Kololo of embezzlement and money laundering, and sentenced to prison terms ranging from 5 to 12 years. The court ruled that Equity Bank was to receive $1,25 million as compensation, and vehicles, land and about $70 million as additional compensation.