Of the 22 reforms required by the Financial Action Task Force (FATF), only six have been completed by Uganda. Note that the deadline is May 31, 2022.

The record is mixed, but for good reason, argues Sydney Asubo, executive director of the Financial Intelligence Authority. Uganda has taken some of the most stringent measures to combat Covid-19, including long lockdowns, he says. This has had a very negative impact on the implementation of planned reforms. Among the reforms called for is the establishment of a monitoring mechanism to investigate suspicious activity or to improve financial sector oversight. If the May 31 deadline is not met, Uganda will have another opportunity to make its case to the Gafi in mid-June.