Government says it is deeply concerned with the increase of financial and economic crimes currently being recorded in the country.
Attorney General Likando Kalaluka has charged that the fight of money laundering and terrorism related financial crimes calls for concerted efforts by all stakeholders.
Mr. Kalaluka who is also Anti – Money laundering Authority Chairperson believes that the formation of Inter- Agency task forces could help increase the ability to effectively fight Financial crimes that include, corruption, bribery drug trafficking , tax invasion and money laundering among others.
The Attorney General was speaking in Lusaka today when he launched the 2017, Money laundering and Terrorism Financing Trends Report.
ZANIS reports that Mr. Kalaluka charged that Government has on its part provided the legal and institution framework in which those charged with responsibilities of fighting financial crimes could carry out their mandate.
Mr. Kalaluka has since urged stakeholders that include all law enforcement agencies to re-strategize their approach to fighting financial crimes in the country in line with the Seventh National Development Plan (7NDP).
And Acting Financial Intelligence Centre Board Chairperson John Kasanga said the report aims to assist stakeholders understand the nature of existing and emerging money laundering and terrorism threats.
Mr. Kasanga called for effective strategies to enable the Centre and other financial institutions in the country investigate and prosecute financial crimes to effect monetary preventive measures on public funds.
Meanwhile, Center Director General Mary Tshuma revealed that the country last year lost an estimated K4.5 billion through various financial crimes.
Mrs. Tshuma said a merger K25 million was recovered on such cases adding that five cases are under prosecution, twenty three cases under investigation and one case successfully convicted.
She says the center is working closely with law enforcement agencies to ensure perpetrators of such crimes are brought to book and quickly prosecuted.