The Inspectorate of Government has Wednesday signed a Memorandum of Understanding (MOU) with the Financial Intelligence Authority (FIA) to boost the fight against corruption and money laundering.
The signed MOU will serve as a concretization of informal and formal collaboration that already existed between the two institutions that are key in fighting against corruption.
The Inspector General of Government (IGG) Irene Mulyagonja told the media at the inspectorate offices in Kampala that since the inspectorate conducts investigations and prosecution for corruption while the FIA generates a lot of information and intelligence on attempts to launder money, viagra 100mg http://challengemetennis.com/wp-content/themes/twentytwelve/page-templates/front-page.php some of it generated from corruption offences, recipe the MOU will help streamline their areas or engagement and collaboration.
“Through the implementation of this MOU, price the IGG will be able to collaborate and share information with the FIA and specifically be able to jointly indentify proceeds of crime at an early stage for purposes of seizure and confiscation,” Mulyagonja explained.
Mulyagonja said that the two shall jointly identify suspects for investigation by indentifying, tracing any beneficial owner, beneficiary or accomplice in a laundering racket that aids or is facilitated by corruption.
“Criminals have become more sophisticated and you recall during the Anti-corruption day activities in 2015, I informed you that government loses colossal sums of money through syndicate corruption and am happy that FIA has joined the anti-corruption syndicate.”
“With the expertise that the Intelligence Authority brings, the IG will have information that will boost investigations to allow the IG to confiscate the proceeds of corruption in public office and prosecute those that are knowingly involved in the money laundering chain.”
Mulyagonja noted that where the FIA detects, freezes and provides a report on the stolen or suspicious monies that pass through the financial or non-financial system in Uganda involving leaders of public officials, the IG will take it up and this will help to recover stolen assets.
“The IG is also working together with the FIA to ensure that the Anti Money Laundering Act, 2013 is amended to specifically mandate the IG to investigate and prosecute money laundering offences.”