February 29, 2024

Uganda Successfully Removed from FATF Grey List

In a significant development, Uganda has been removed from the Grey List of the Financial Action Task Force (FATF), marking a crucial step in averting potential […]
March 9, 2024

Five Post Bank Employees Detained Over Alleged UGX 138M Theft

Arua Central Police Station is currently holding five individuals who are employees of Post Bank on suspicion of embezzling Shillings 138 million. The detainees have been […]
March 9, 2024

Uganda Raises Policy Rate to 10% Amidst Plummeting Shilling

In response to the unprecedented depreciation of the Ugandan shilling, the Bank of Uganda held a special Monetary Policy Committee (MPC) meeting, resulting in an increase […]
March 9, 2024

Banking Sector Contributes to 70% of Financial Crimes in Nigeria

The banking sector in Nigeria is grappling with a significant challenge as an estimated 70% of financial crimes in the country can be traced back to […]