UFIA Investigates FUFA For Money Laundering

1439 Views Kampala, Uganda

In short
The Federation of Uganda Football Associations FUFA is being investigated for alleged money laundering.

The Federation of Uganda Football Associations (FUFA) is being investigated for alleged money laundering.

Sydney Asubo, the Executive Director of the Uganda Financial Intelligence Authority (UFIA) told URN on phone on Friday that the Federation is under investigation. "We had frozen their accounts last week, but we re-opened them as we continue to investigate the matter deeper," said Asubo.

Last week the Uganda FA was thrown into panic after discovering that all their accounts had been frozen. "We are happy that our accounts are now operational," Decolas Kizza, the Uganda FA Head of Finance confirmed to URN on Friday although he refused to reveal more details.

Asubo explained that they re-opened the FA accounts because they did not want to cripple their activities. Yes we had frozen the accounts including those for other football bodies that deal with the FA," added Asubo who did not want to go into details since they are still investigating.

The UFIA is a government agency established by the Parliament of Uganda in 2014 to monitor, investigate and prevent money laundering in the country. It is also responsible for the enforcement of Uganda's anti-money laundering laws and the monitoring of all financial transactions inside the country's borders.

Asan Kasingye, the Head of Interpol in Uganda disclosed last weekend that the FA accounts had been frozen through their Criminal Investigation Division (CID) Economic Crimes Division of Police.

Interestingly the FUFA President Moses Magogo gave divergent information during a press conference on Wednesday that they had not received any communication from any where about their accounts.

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Several members of the Federation of International Football Associations (FIFA) world wide are also under investigation for money laundering.