Welcome to the

Anti Money Laundering Practitioners Association-AMLPAL

We envision a platform for AML Practitioners, linked to the AML Stakeholders, to enhance AML Compliance.

AML HELP DESK

Unbiased Q & A

aml THINK TANK

Threat Intelligence

Enhancing AML Compliance

In response to the 2020 AMLA amendment to include VASPs as Accountable Persons, and in fulfilling our Objective of enhancing AML Compliance, we have sponsored a draft “AML Compliance Guidelines for the Virtual Asset Service Providers (VASP)“.

The aim of sponsoring this document is to enable Anti Money Laundering Practitioners working at VASPs to guide their organisations towards AML Compliance.

Frequently Asked Questions

AML COMPLIANCE CAUSES FRICTION

  1. Anti-money Laundering Compliance is difficult, complicated, and demanding.
  2. AML is founded on the FATF recommendations – a global best practice standard that has been enshrined in our local AML legislation.
  3. This situation then creates friction between the regulator (enforcing) the legislation and the practitioners as they seek to comply.

We have 4 active categories of Membership

  1. Association Patron – Individual Honorary Member.
  2. Life time Member – Corporate Members (constituted by regulators in the financial space), Lifetime member shall be responsible for the perpetual succession of the Association.
  3. Honorary Membership – Distinguished Individual nominated by the Ordinary Members and by Invitation Only. 
  4. Ordinary Member – Individual (AML Practitioners/MLCOs) or Corporate Body (Accountable Persons).
  5. Any other category as the Executive Committee shall designate from time to time.

NO – Individual and Corporate members must satisfy the requirement in Article 5(1) (a) of the Anti -Money Laundering Practitioners Association Constitution and has made payment of one off development fees, and membership fees for the time being and subject to Article 5(2)(a)-(c).

The process of Membership Onboarding is as follows:

  1. You can join by sending us a request for Membership (under the specific categories of Membership listed above).
  2. You will be required to fill out a Know Your Member Data Form (KYM Form).
  3. Your Know Your Member Form will be reviewed by the Membership Committee which will advise on your eligibility or ineligibility for AMLPAL Membership.
  4. If the Membership Committee Approves your eligibility for Membership, you will be advised of the same.
  5. However, if you are not eligible for Membership, you will be advised of the reasons of ineligibility within the most appropriate timeframe (most likely via email).
  6. As an Individual or Corporate, you will then Receive an Invoice for your Membership Dues which should be paid to AMLPAL Bank Account and evidence of payment forwarded to our Administrators email address (talktous@amlpal.org).
  7. If you are a Strategic Partner an MOU will be shared for your review and signature. 
  8. For Individuals once your Membership Fees have been confirmed by the Accountant you will be issued a Receipt and your name forwarded to the Membership Committee who shall then authorize the printing of the Certificate of Membership based on the Membership category applied for.
  9. For Strategic Partners, the Membership Committee will receive your copy of the signed MOU and authorize the issue of a Certificate of Membership under the Strategic Membership category (this membership is a Perpetual Membership unless or until either associations is dissolved by their respective membership organs).
  10. The Minutes and Resolutions and a signed MOU and other working papers of The Membership Committee shall then be transferred to the Association Secretary for signature of the MOU and entering of eligible members into the AMLPAL Membership Register.
  11. Please Note that Membership to AMLPAL is Annual.
  12. As an Individual or Corporate member, you shall be expected to Renew your Membership annually before end of January.
  13. You shall receive a Membership renewal Invoice in December to enable you make payments to AMLPAL  Bank Account as shall be advised.

PLATFORM – The association seeks to become the platform for AML practitioners in the country.

LINK – The association seeks to create a link between the AML stakeholders and practitioners.

ENHANCE AML COMPLIANCE – The association seeks to support practitioners comply with AML legislation.

Membership Benefits

We seek to attract both Individual and Corporate Members and promise the following benefits.

Identification

Identification Memorabilia as appropriate (lapel pins) and listed as an Association Member.

Membership Designation

Eligible Individual members can use the specific Membership designation titles after their names.

Training Discounts

Discounted pricing on training programs on anti-money laundering with partner organizations.

Exclusive Insights

Access to exclusive Industry and Regulatory Notices & Insights.

Accredited Member

Corporate members can choose to identify as Accredited Members.

Career Development

Career development opportunities through Member Networking.

Our Objectives

As a Voluntary Organisation, the Anti-Money Laundering Practitioners Association of (AMLPAL) has focused its efforts on three key areas.

To provide a platform for anti-money laundering practitioners to contribute towards the development of their profession through learning and best practice.

To provide a link between anti-money laundering practitioners and the anti-money laundering stakeholders – regulators, law enforcement, and others.

To enhance anti-money laundering compliance in through advocacy and lobbying for financial/other material resources to enhance member’s professional capacity.

Our Executive Committee

The affairs of the association (except as otherwise provided by these articles) shall be under the control of the executive committee elected at the annual general meeting.   

5/5
Our patron is a senior counsel and distinguished lawyer with over 20 years of experience with the DPP, he is currently the Executive Director of the Financial Intelligence Authority (FIA). His insight, guidance, encouragement, and support inspire us.
Mr. Sydney Asubo
Association Patron
5/5
Our Secretary is a lawyer and an experienced anti-money laundering practitioner. He is currently the managing director of smith and Bolton limited. As a founding member, he is responsible for the secretariat and register of members.
Mr. Oscar G Ofumbi
Secretary
5/5
Chairman is responsible to maintain order at meetings, expel any person who acts in an impudent manner, the power to close or adjourn a meeting, decide any questions of interpretation of rules, ensure that the Bank accounts are governed in accordance with the provisions of this Constitution.
Mr. Robert Busuulwa
Association Chairman
5/5
Association Treasurer is responsible to maintain the books of the Association, be the custodian of the Association monies, prepare the budget and seek approval of the Executive Committee before the end of December, and any other financial duties as assigned by the Executive Committee.
Vacant
Treasurer

The Nature of Our Association.

The association shall be a voluntary, member-based non-profit making body, and shall be geared to provide a platform for anti-money laundering practitioners, a link between anti-money laundering practitioners with stakeholders, and enhance anti-money laundering compliance.

Our Members