Tuesday, June 18, 2024

FIC laments increased financial crimes in Zambia


Government says it has endeavored to fight financial crimes ranging from corruption, money laundering, terrorism and proliferation financing.

Muchinga Province Permanent Secretary, Henry Mukungule says this has been demonstrated through the various policy reforms, such as the establishment of the financial crimes court among others.

The PS was speaking during a meeting on the National Anti-money laundering, countering terrorism and proliferation financing policy.

Mr Mukungule said in ensuring that the fight is in conformity with the global community, the government has remained committed to ensuring strict compliance to international standards such as combating money laundering and financing of terrorism.

“On 2nd February, 2023, Zambia launched its first ever national anti-money laundering and countering terrorism and proliferation financing policy which is in response to the financial action task force recommendation,” Mr Mukungule stated.

The PS has since called on stakeholders involved in the anti-money laundering and countering the financing of terrorism and proliferation regime to ensure that all outstanding issues are addressed.

And speaking earlier, Director Inspection at the Financial Intelligence centre , Katuna Sinyangwe lamented that the country has faced a lot of financial crimes.

Mr Sinyangwe said this is the reason the team is in Muchinga Province to sensitise stakeholders on how they can work with the government to fight financial crimes in the country.

“We all have a part to play in fighting money laundering and corruption and other vices that have been taking place for many years now, in the country” He added.

The meeting was attended by various stakeholders within Chinsali District.


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