The Financial Intelligence Centre has published the 2024 1st Quarter Bulletin.
During the first quarter of 2024, the FIC observed a continuing trend in the form of suspected tax evasion and/or money laundering involving foreign nationals who are engaged in the transfer of suspected illicit funds out of Zambia. Foreigners continued to establish companies and use Zambians as proxies to maintain control over their respective bank accounts, a pattern that had been observed in the preceding quarter.
The Bulletin can be downloaded from the link below.
 QUARTER 1 BULLETIN- 2024.pdf | [ ] |
