This legal alert summarizes the Office of the Data Protection Commissioner’s (ODPC) decision in ODPC Complaint No. 677 of 2022.
March 15, 2023
Obtaining documentary proof of the source of funds is one of the anti-money laundering (AML) practices put in place by banks to reduce the risk of money laundering and or the funds being proceeds derived from criminal activity such as corruption, drug trafficking, and misappropriation of public funds.
Rwanda has been a leader in implementing innovative approaches towards achieving technological advancement. One of their noteworthy efforts is the Electronic Mortgage Registration System (EMRS), a modern system used to register mortgages on property throughout the country.
We had the opportunity to conduct an exclusive interview with a group of pensioners who had decided to take advantage of the recently quashed amendment to the Retirement Benefits Act that would have allowed them early access to their savings for purposes of buying a residential house.