We recognise that fraud, bribery and corruption put at risk the mission of the organisation, and maintain appropriate policies and procedures to detect, prevent, report and resolve such incidents.
The policies specifically address themselves to proactive efforts to prevent financial misconduct from occurring, procedures for detecting and reporting any incidents of financial misconduct that do occur, steps involved in fully understanding the facts of a reported incident, the consequences of proven misconduct, procedures for informing internal and external parties that have a stake in a given case, and steps to learn from experience and continuously improve policies and procedure.
The policies also prohibit UMYDF from transacting business with suppliers who are not fully licensed by local authorities and prequalified by the organisation.
UMYDF is registered with the Financial Intelligence Authority - a Government of Uganda agency that was established by the Anti-Money Laundering Act, 2013 (AMLA) and has the mandate to combat money laundering, countering terrorism financing and countering proliferation.