March 3, 2025 at 9:24 AM
In Uganda, financial institutions must adhere to key principles of financial data privacy compliance to protect sensitive customer information and maintain trust. Navigating the regulatory landscape involves understanding the intricate requirements outlined in the Uganda Data Protection and Privacy Act (UPDPA), alongside guidelines from the Bank of Uganda and the Financial Intelligence Authority. This blog post serves as a comprehensive guide for financial institutions, offering insights into essential regulatory obligations and practical best practices to enhance data privacy measures. By implementing robust strategies, such as regular data audits, employee training, and the establishment of clear consent protocols, Ugandan financial organizations can ensure they not only meet compliance standards but also foster a culture of accountability and trust among their clientele.
