back to top
кракен ссылка кракен ссылка кракен даркнет кракен даркнет
HomeNews53 CID Detectives Complete Course In Fighting Money Laundering Ahead Of 2021...

53 CID Detectives Complete Course In Fighting Money Laundering Ahead Of 2021 Elections

Published on

- Advertisement -spot_img

Atleast 53 police officers drawn from Kampala Metropolitan and CID headquarters, Kibuli were Thursday been trained in money laundering and financial crimes at CID headquarters in Kibuli.

The course was being facilitated by the Standard Chartered Bank.

During his opening remarks, the deputy Director Human Resource Development SCP Felix Ndyomugyenyi, noted that money laundering and financial crimes are global problems, posing big threats to the fight against crime.

He said money laundering emanates from organized crime and that the two are always mentioned in the same breath.

“These crimes have serious consequences on the country as it undermines the integrity of the financial system, distorts competition between businesses and entrepreneurs, rewards corruption and crime, damages the integrity of the entire society, undermines democracy and the rule of the law,” he said.

He added, “Besides, it causes serious social and political costs when organized crime gets involved in it by infiltration of financial institutions, acquisition of large sectors of the economy and bribery of public officials, adding that this kind of criminality must not be allowed to thrive under the watchful eyes of law enforcement. It must be fought decisively. All financial crimes you are investigating must have a component of money laundering since nearly all the moneys stolen or embezzled end up being laundered into other activities.”

He urged the participants to take the course seriously and put the knowledge and skills acquired into good use while investigating these cases and not to be part of the problem through corruption.

Albert Saltson, the chief executive officer, Standard Chartered Bank said the bank will do more training to equip police detectives with more knowledge and skills

Related

KACITA Announces Massive Protests,Shops Shut Down In November Over ‘Unfair’ Tax Regime

A cloud of frustration is once again hanging over Kampala’s bustling business community, as...

Bishop Charles Martin Wamika Of Jinja Diocese Dies At 72

The Catholic Church in Uganda is mourning the loss of Rt. Rev. Charles Martin...

Mammoth Crowds Grace Museveni Rally In Gulu As Preaches Peace, Wealth Creation

A sea of yellow filled Kaunda Grounds in Gulu City today as thousands of...

Owobusobozi Preaches Unity as Political Hopefuls Seek Divine Endorsement

Kyejonjo – As Uganda’s 2026 parliamentary nominations approach, political figures across the country are...

More from The Capital Times

Business Boom In Namugongo Ahead Of Martyrs Day

Business has picked up this morning at Namugongo Martyrs shrine according to traders. The...

Here is why the Faras Uganda is the Ultimate Convenience Mobility App for Every Ugandan

Kampala, Uganda – In a fast-paced world where time is increasingly precious, Ugandans are...

Museveni Inaugurates De Heus State Of The Art Fish Feed Factory In Njeru, Buikwe

Njeru, Jinja: De Heus Animal Nutrition, a global leader in animal feed solutions, has...