Blacklisted money transfer firms to suffer same fate in Uganda
10 April 2015, 13:03
Kampala - The accounts of money transfer firms and individuals that were frozen by the Kenyan government, over suspicion that they were funding Al Shabaab terrorists, will also be closed in Uganda if they have branches there.
Bank of Uganda officials said that they were waiting for communication from Kenyan government so they could take action on the firms that have branches in Uganda.
Uganda police deputy spokesperson, Polly Namaye has said that they are monitoring the 86 individuals and firms that were blacklisted by Kenya on Wednesday.
Namaye said, ''We have stepped up the monitoring of banking services for any money transfer service that could facilitate terrorism.''
She said that at the moment, they have not yet closed any money transfer firm but would act if advised by their counterparts in Kenya to do so.
A local newspaper, The New Vision, quoted the minister for finance, Matiya Kasaija saying ''We are yet to get official communication from Kenya. If they pass on the information to us, we shall definitely act.''
For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.