The Financial Intelligence Centre has released the 2024 Trends Report
The Financial Intelligence Centre (the “FIC” or the “Centre”) remains committed to strengthening Zambia’s Anti-Money Laundering/Countering the Financing of Terrorism and Proliferation (AML/CFTP) framework.
The Trends Report has evolved into a vital resource for policymakers, reporting entities, academia, and civil society, supporting evidence-based decision making in AML/CFTP.
In 2024, the Eastern and Southern African Anti-Money Laundering Group (ESAAMLG) updated its Mutual Evaluation procedures in order to align with the FATF’s revised assessment procedures. Zambia will be evaluated under this new framework in 2027/2028, necessitating strong national preparation to avoid grey listing which may have negative economic and financial effects.
Following Cabinet approval in 2023, Zambia began its 2nd round of the National Risk Assessment (NRA) in 2024, with the FIC designated as the lead coordinator. Progress includes: formation of working groups, development and use of data collection tools, and ongoing data analysis. Completion of the assessment is expected in 2025.
The full report can be downloaded on the link below.
 TRENDS REPORT 2024 | [ ] |
