Financial Intelligence and Regulating Money Laundering in Kampala City, Uganda

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Table of Contents

Declaration .1

Approval

Dedication

Acknowledgement iv

LIST OF FIGURES viii

LIST OF TABLES ix

ABSTRACT

CHAPTER ONE 1

INTRODUCTION 1

1.0 Introduction 1

1 Background to the study 1

1.1.1 Historical perspective 1

1.1.2 Theoretical perspective 4

1.1.3 Conceptual perspective 4

1. 1 .3 Contextual perspective 5

1 .2 Problem statement 9

1.3 Purpose of the study 10

1 .4 Specific objectives 10

1.5 Research Question 10

1.6 Research Hypotheses 10

1.7 Scope of the study 10

1.7.1 Geographical scope 10

1 .7.2 Content or theoretical scope 11

1.7.3 Time scope 11

1.8 Significance of the Study 11

1.9 Operational definition of key words 12

CHAPTER TWO 13

LITERATURE REVIEW 13

2.0 Introduction 13

2.1 Theoretical review 13

2.2 Conceptual Framework Model 15

2.3 Review of related literature 18

2.3.1 Processes of Money Laundering 18

V

2.3.2 Causes of money laundering in Uganda .19

2.3.3 Impact of money laundering on natioiv 20

2.3.4 Prevention and Combat of Money Laundering 27

2.4 Empirical review 31

2.5 Research Gap 32

CHAPTER THREE 33

METHODOLOGY 33

3.0 Introduction 33

3.1 Research design 33

3.2 Study Population 33

3.3 Sampling size and Selection 33

3.4 Sampling Technique and Sampling Procedure 34

3.5 The sample and sampling technique 34

3.6 Data Collection Instruments 34

3.7 Data collection procedure 35

3.7.1 Questionnaires 35

3.8 Data processing and analysis 35

3.8 Ethical Considerations 35

3.9 Limitations of the study 35

CHAPTER FOUR 37

Presentation and Interpretation of findings 37

4.0 Introduction 37

4.1 Finding on respondents Bio data 37

4.1.1 Gender of all the respondents 37

4.1,3 Years spend by the respondents in the organization 38

4.1.4 Marital status of respondents 38

4.1.5 Findings on the educational level of respondents in the organization 39

4.2 Findings on the Forms of Money laundering in Kampala city in Uganda 39

4.3 Findings on the causes of money laundering in Kampala Division, Kampala city 40

4.4 Findings on the Impacts of money laundering on the nation and the area of study that is

Kampala Division, Kampala city 40

4.5 Findings on the prevention and combat of money laundering in Kampala Division,

Kampala city 41

CHAPTER FIVE 42

vi

5.0 Introduction .42

5.1 Discussion of findings 42

5.2 Conclusion 42

5.3 Recommendations 43

5.4 Suggested areas for further study 43

References 44

Appendix IV: Budget 54

Appendix V: Work Plan 54

Appendix VI: Krejcie& Morgan Table for Sample Size Selection 55

ABSTRACT The study sought to establish the relationship between money laundering and financial intelligence. Money laundering is a comprehensive term, and covers; steps of money laundering, causes of money laundering and the possible effects and solutions to money laundering. The study investigates, measure, and evaluates the relationship between money laundering and financial intelligence. To achieve the study objectives, a questionnaire was designed and distributed to a sample of the study which consisted of 100 employees of Kampala city especially ministry of finance, planning and economic development. A structured questionnaire with Likert scale was used to collect data from the respondents who had a 100% response rate. From the respondents 80 were male while 20 female constituting and 80 % and 20 % respectively. A guided interview was also employed by the researcher. The Data collected using questionnaires was sorted, coded and captured in Statistical Packages for Social Scientists (SPSS) for processing and analysis. Frequency tables, mean and standard deviation were generated from the data for analysis and interpretation to enable the researcher answer the research questions and draw concrete conclusions. Overall the results supported the hypothesis. The study revealed positive and significant benefits of financial intelligence in regulating money laundering The study found out that financial intelligence authority plays a great role in regulating mney laundering in a country or nation. The study therefore recommends that the management of companies specifically ministry of finance, planning and economic development should formulate comprehensive and effective preventive measures or strategies that seek to build good reputation and sustainability of commercial and banking organizations to ensure they reduce on the effects and causes of money laundering.

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APA

RICHARD, A (2022). Financial Intelligence and Regulating Money Laundering in Kampala City, Uganda. Afribary. Retrieved from https://afribary.com/works/financial-intelligence-and-regulating-money-laundering-in-kampala-city-uganda

MLA 8th

RICHARD, ADIGA "Financial Intelligence and Regulating Money Laundering in Kampala City, Uganda" Afribary. Afribary, 19 Aug. 2022, https://afribary.com/works/financial-intelligence-and-regulating-money-laundering-in-kampala-city-uganda. Accessed 10 Dec. 2022.

MLA7

RICHARD, ADIGA . "Financial Intelligence and Regulating Money Laundering in Kampala City, Uganda". Afribary, Afribary, 19 Aug. 2022. Web. 10 Dec. 2022. < https://afribary.com/works/financial-intelligence-and-regulating-money-laundering-in-kampala-city-uganda >.

Chicago

RICHARD, ADIGA . "Financial Intelligence and Regulating Money Laundering in Kampala City, Uganda" Afribary (2022). Accessed December 10, 2022. https://afribary.com/works/financial-intelligence-and-regulating-money-laundering-in-kampala-city-uganda