The Minister of Finance, Planning & Economic Development, Matia Kasaija, is optimistic that the removal of Uganda from the Grey List by the Financial Action Taskforce (FATF) will unlock a host of benefits for Uganda’s economy.

Kasaija said Uganda will have unrestricted access to international markets and credit hence providing a vital boost to the government’s socio-economic transformation efforts.

“By aligning our Anti-Money Laundering and Countering Terrorism Financing measures with international standards, Uganda can now engage seamlessly with the global financial system,” Kasaija told a press conference on Wednesday in Kampala.

Recently, the Financial Action Task Force (FATF) announced it had removed Uganda from the grey list and that the country was no longer under Increased Monitoring.