Mr Chungu said in that the FIC is supposed to work quietly in advising Government and other security wings about illicit financial activities.
“My personal opinion is that that institution should have been a very quiet institution. It is a silent institution that helps fight all these crimes using investigative wings without any publicity at all.
“Otherwise, we will just end up embarrassing ourselves. To be transparent does not mean you are going to be writing everything in the public domain. I don’t see any other country in the world which does that. I don’t agree with what is going on,” Mr Chungu said.
Mr Chungu said it is not right to delve into private accounts and start talking in public.
He said FIC is supposed to operate within its mandate as provided by the law by working closely with Government and other countries on money laundering and terrorism-related matters.
“I would rather not have that institution in the public domain, probably under the institution of the intelligence, not even the police. That is a very serious institution world over,” Mr Chungu said.
Mr Chungu said if the intention of FIC was to start throwing stones in the public, then Zambia can’t develop as the fight against financial crimes will be sabotaged by premature release of Information
“I have been to many institutions and exposed to the world of intelligence. That institution is not supposed to be talked about in the public. Why does everybody want to be in the newspaper?
“I don’t think this is the way we should handle things in Zambia. Even the appointment of the people managing that institution should not have been political. It should have been under the intelligence,” Mr Chungu said.
He said FIC is an appendage of the intelligence and should always be above board.