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Parish SACCOs at the Crossroads: PDM's Trillion-Shilling Test of RepaymentShs9 billion back from Shs3 trillion out: the uncomfortable arithmetic of PDM recoveryWendi's Shs240b question: can a SACCO wallet turn deposits into credit?Dry Spell Tests Ankole's Dairy Co-operatives as Milk Volumes CollapseBelow One Percent: Can Community Schemes and SACCOs Close Uganda's Health Insurance Gap?Parish SACCOs at the Crossroads: PDM's Trillion-Shilling Test of RepaymentShs9 billion back from Shs3 trillion out: the uncomfortable arithmetic of PDM recoveryWendi's Shs240b question: can a SACCO wallet turn deposits into credit?Dry Spell Tests Ankole's Dairy Co-operatives as Milk Volumes CollapseBelow One Percent: Can Community Schemes and SACCOs Close Uganda's Health Insurance Gap?

Act

The Cooperative Societies (Amendment) Act, 2022 – Beneficial Ownership

This short amending Act brings cooperatives into Uganda's beneficial-ownership transparency rules. It adds a definition of "beneficial owner", meaning the natural person who ultimately owns or controls a society or on whose behalf a transaction is carried out. It also requires every cooperative society to keep a register of its beneficial owners, and lets the Minister make regulations to put these provisions into effect. Secretaries and SACCO compliance officers will need it, because it ties cooperative record-keeping to anti-money-laundering and Financial Action Task Force expectations. Original source: https://bills.parliament.ug/attachments/Cooperative%20Societies%20(Amendment)%20Act,%202022.pdf

Access
Free
Year
2022
Pages
7
Credit
Parliament of Uganda
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