Bankers launch anti-fraud consortium

Anti-Fraud Consortium (AFC) launched to combat financial fraud

Uganda’s financial sector launches the Anti-Fraud Consortium (AFC), a landmark initiative that signals a decisive step towards a unified front against the escalating threat of financial fraud across the nation. The AFC brings together a comprehensive network of players, including Bank of Uganda, Supervised Financial Institutions (SFIs) and their agents, service providers and operators, law enforcement agencies, and legislators with a central aim…

Bankers Launch Anti-Fraud Consortium To Combat Financial Cybercrimes » Business Focus

Wilbrod Owor, the Chief Executive Director of Uganda Bankers Association The Uganda Bankers Association has launched the Anti-Fraud Consortium to combat financial cybercrimes. The consortium brings together regulators, supervised financial institutions, payment providers, law enforcement, and the public to anticipate, detect, prevent and respond to financial fraud with clarity and consistency. Twinemanzi Tumubweine, Bank of Uganda Executive Dire…

Bankers launch anti-fraud consortium

Chelimo Beata, Deputy Director, CID: Cybercrime was initially overlooked. As a result very few officers are equipped with the capacity to deal with fraud. Meanwhile, fraudsters are highly educated, well-equipped, and deeply connected. To counter this, we must train. Kampala, Uganda | THE INDEPENDENT | The Uganda Bankers Association (UBA) has launched the Anti-Fraud Consortium to combat financial cyber crimes.   The consortium brings together reg…