Uganda Finance Ministry Officials Face Corruption and Money Laundering Charges
2025-02-07
Reuters
A Ugandan court has charged eight finance ministry officials with corruption, electronic fraud, and money laundering following a major hacking incident on the central bank's systems. The incident resulted in the loss of at least $21 million, sparking a thorough investigation into financial crime and corruption in the country. The charges highlight the government's efforts to combat white-collar crime and ensure financial security. With the rise of cybercrime and financial fraud, the case is a significant step towards promoting transparency and accountability in Uganda's financial sector, utilizing best practices in anti-money laundering and financial regulation to prevent similar incidents.
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