The chairperson of the parliamentary public accounts committee Hon. Nandali Mafabi has appealed to the government to table a bill on money laundering so as to reduce increased money crimes in the country.
Nandali who is also the MP for Budadiri West told journalists in Kampala that the country is loosing a lot of revenues because a lot of money is being transferred abroad for investment.
He says the revenues would help the country invest in education, health, roads and agriculture among others which are aimed at improving people’s livelihoods especially in the rural areas.
If the law is tabled and finally passed, people will be required to transfer a specific amount of money to banks outside Uganda.
Many senior government officials have been involved in money laundering including a senior presidential advisor who was arrested in the UK recently.
Source: UGPULSE
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