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African Summit Begins in Kampala to Tackle Illicit Financial Flows

African financial intelligence units convened a five‑day summit in Kampala on Nov. 9, 2026, to coordinate efforts against growing digital‑era financial crime.

By FlashPoint NewsSource: english.news.cn1 min read

On Monday, 9 November 2026, Kampala became the focal point for a five‑day Africa Financial Intelligence Summit, with delegates from 36 countries hailing in to confront the escalating threat of illicit financial flows amplified by digital technologies and complex cross‑border systems. The summit’s theme, “Securing Africa’s Financial Future: Intelligence, Innovation and Integrated Enforcement in an Era of Borderless Financial Crime,” framed the discourse as a collective effort to tighten real‑time cooperation among financial intelligence units and bolster technology‑driven defensive measures.

Uganda’s Minister of Finance, Planning and Economic Development Henry Musasizi, addressed the gathering, underscoring that financial crime now multiplies along with the rapid expansion of digital finance, fintech, virtual assets and cross‑border transactions. He urged African nations to “strengthen real‑time cooperation among financial intelligence units,” and to “enhance technological and cyber resilience, including through advanced capabilities in artificial intelligence, blockchain analytics, and cyber and digital forensics.” His statement, posted on the platform X, highlighted the need for all illicit proceeds to be traced, frozen, seized and recovered for the benefit of African economies and citizens.

Let this Summit strengthen our institutions, sharpen our intelligence, deepen our cooperation and ensure that Africa’s financial systems increasingly work for Africa’s development.

Musasizi added that the summit provides a framework for turning intelligence into actionable enforcement, aiming to “determine the scale, speed, and sophisticated techniques” of money‑laundering networks. Participants included leaders from financial intelligence units, law‑enforcement agencies, regulatory authorities, forensic investigators, and international partners.

According to Nilepost, the meeting is expected to provide a platform that strengthens safeguards against illicit financial flows in cross‑border trade, a push that mirrors Musasizi’s strategy for fortifying financial systems amid the digital age.

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