By NATION REPORTER
THE Financial Intelligence Center (FIC) has recorded a 26 percent decrease in suspicious transactions in 2022 as compared to year 2021.
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The reduction is recorded in the FIC’s 8th Money laundering and Terrorist Financing report for 2022.
The report has revealed that last year K5.97 billion worth of suspicious transactions were recorded compared to K6.1billion recorded in 2021.
The report has also revealed a case in which a Zambian incorporated company was suspected of trading in prohibited wildlife trophies.
The report discloses that more than US$600, 000 from two Asian companies was given to a named company suspected of dealing in prohibited wildlife trophies with majority of its shareholding belong to a civil servant.
The report also reveals that the FIC analyzed a case involving a civil servant who acquired over nine high-value motor vehicles in two to three years’ worth K27million.
And launching the report, Attorney General Mulilo Kabesha said Government still remains focused to fight financial and economic crimes for the battement of the country.
And FIC Acting Director General Liya Tembo said the 8th Money laundering and Terrorist Financing Report for 2022 revealed the use of corporate vehicles for illicit activities.
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