It is also responsible for the enforcement of Uganda's anti-money laundering laws and the monitoring of all financial transactions inside the country's borders.
[3] Established under the Ministry of Finance and Economic Planning, UFIA operates independently under the direction of its own board of directors.
UFIA's management team is led by the executive director, who is appointed by the Minister of Finance on the recommendation of the board.
Asubo's mandate includes the establishment of the agency, by hiring staff and setting up operation structures.
[6] In February 2016, the UFIA signed a Memorandum of Understanding (MoU) with the Directorate of Public Prosecutions and the Uganda Registration Services Bureau.