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Uganda on Verge of Terrorism Financing

Despite recent reforms in the existing law, Uganda continues to be at high-risk to terrorism financing according to the 2017 national risk assessment report from the Finance Intelligence Authority (FIA).
A report from Uganda bureau of statistics indicates that 67% of businesses in Uganda are informal yet according to Sydeny Asubo the ED financial intelligence authority, informal businesses are a threat to the country’s security since they are not registered which makes it easy for terrorists to finance them.

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