Mobile Money Transactions Fueling Laundering – FIA

Comments 362 Views Kampala, Uganda

In short
Now the Financial Intelligence Authority fears that the use of cellphones as virtual wallets or personal ATMs is aiding criminals to conceal the origins of illegally obtained money, while many others are using profits from illegal activities to invest in real estate and acquire assets.

 

IP: 54.166.141.69. Referrer: . FirstClickFree: 0. Clicks by IP: ?. Clicks by cookie: ?.