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Study: Uganda Losing Billions Due to Inability to Stem Illicit Money

Uganda has lost billions of dollars in recent years from illegal financial flows, including tax evasion, crime, and corruption. Uganda’s Financial Intelligence Authority - set up to track illicit money - says it lacks resources to stem the flow. Tax evasion, money laundering, and related corruption are costing Uganda at least $1 billion a year, according to Global Financial Integrity. The Washington, D.C.-based non-profit said in a September report that tax evasion...

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