Musasizi says cybersecurity critical to Uganda’s financial integrity
“Sustaining Uganda’s removal from the Financial Action Task Force (FATF) Grey List requires continuous investment in cybersecurity, stronger inter-agency coordination and strict adherence to international standards, particularly ahead of Uganda’s 2028 mutual evaluation,” Musasizi noted
Minister Musasizi hands over the ISO Certificate to Kalule, the FIA Chairman.
KAMPALA - The Minister of Finance, Planning and Economic Development, Henry Musasizi, has commended the Financial Intelligence Authority (FIA) for attaining ISO/IEC 27001:2022 certification, describing it as a significant milestone in safeguarding sensitive financial intelligence, strengthening national security and enhancing international confidence in Uganda’s financial system.
Minister Musasizi made the remarks on Thursday during the official handover of the certification and launch of the FIA Client Charter at the Authority’s offices in Kampala.
He commended the FIA Board, Management and staff, the National Information Technology Authority–Uganda (NITA-U), the World Bank and other stakeholders for their dedication and partnership in achieving this milestone.
“Sustaining Uganda’s removal from the Financial Action Task Force (FATF) Grey List requires continuous investment in cybersecurity, stronger inter-agency coordination and strict adherence to international standards, particularly ahead of Uganda’s 2028 mutual evaluation,” Musasizi noted
Alinaffe Kalule, the FIA Board Chairperson, underscored the importance of information security in protecting sensitive intelligence, maintaining institutional credibility and safeguarding the integrity of Uganda’s financial system.
Meanwhile, Samuel Were Wandera, FIA Executive Director, noted that while certification demonstrates compliance with internationally recognised standards, it also marks the beginning of a continuous improvement journey requiring vigilance, stronger systems and adaptation to emerging cyber threats, including those associated with artificial intelligence.
The FIA Client Charter further reinforces the Authority’s commitment to transparency, accountability, responsive service delivery and meaningful stakeholder engagement
Effective financial intelligence depends on secure systems, reliable information and cooperation between institutions. These initiatives are intended to improve how FIA receives information, supports reporting entities and makes guidance and services accessible
Their successful implementation will require continued engagement with regulators, financial institutions, investigators, prosecutors and other partners. The event will provide an opportunity to explain the initiatives, demonstrate their use and discuss the responsibilities of participating institutions
FIA is preparing for Uganda’s 2028 mutual evaluation of its anti-money laundering and countering the financing of terrorism framework. The evaluation will require coordinated national preparation and evidence that the country’s systems produce effective results.
Uganda’s removal from the FATF grey list in 2024 was an important milestone. Sustaining that progress requires all responsible institutions to address weaknesses, fulfil their obligations and demonstrate improvements in practice.
The initiatives being launched will support this wider effort to safeguard financial integrity and reduce the risk of a return to increased monitoring.