+256 393-247639 info@mufashauganda.org Kampala, Uganda
Donate Volunteer

Anti-Money Laundering (AML) Policy

1

Purpose

Mufasha Uganda is committed to ensuring that our operations are not used to launder money or finance criminal or terrorist activities. This policy aims to prevent, detect, and report any such activities in line with Ugandan law and international best practices.

2

Policy Objectives

  • To protect the integrity of Mufasha Uganda’s financial systems.
  • To identify and report suspicious transactions.
  • To comply with all applicable laws and regulations related to AML.

3

Scope

This policy applies to all staff, board members, volunteers, contractors, and any stakeholders handling Mufasha Uganda’s funds or donations.

4

Risk Assessment

Mufasha Uganda will regularly assess its financial and operational risks, especially those related to:

  • Cash-based donations
  • Foreign funding
  • Partners and collaborators

5

Know Your Donor (KYD) & Know Your Partner (KYP)

Before accepting donations or forming partnerships, Mufasha Uganda will:

  • Verify the identity and background of donors/partners.
  • Confirm the legitimacy of funds and operations.
  • Maintain detailed records for transparency.

6

Record Keeping

All financial transactions and donor records will be kept for at least 7 years and made available to authorities when required.

7

Reporting Suspicious Activity

Any suspicious activity must be reported to the Executive Director and documented. When necessary, it will be reported to the Financial Intelligence Authority (FIA) of Uganda.

8

Training & Compliance

Regular AML training will be provided to staff handling funds. Compliance with AML regulations is mandatory and subject to audit.

9

Policy Review

This policy will be reviewed annually or as required by changes in legislation or operations.