Peter Sinkamba, leader of the opposition Green Party, is calling for the disbandment of Zambia’s Financial Intelligence Center (FIC) if it fails to take action against individuals implicated in the 2022 FIC annual report for suspected theft and money laundering. Sinkamba’s demand raises questions about the government’s commitment to fighting corruption and ensuring accountability in the country’s financial sector. If the FIC is disbanded, it could have serious implications for Zambia’s efforts to combat financial crimes and maintain transparency in its financial system.
Peter Sinkamba, a political figure in Zambia, has called for the disbandment of the FIC (Financial Intelligence Centre). This comes after the release of the FIC’s 2022 annual report, which showed that the center had analyzed 155 suspicious transactions totaling K6.1 Billion. Of these cases, 129 worth K5.8 Billion were passed on to law enforcement agencies, marking a significant increase from the previous year. Sinkamba’s call for disbandment raises questions about the future of financial regulation and anti-money laundering efforts in Zambia.
Peter Sinkamba, has called for the disbandment of the Financial Intelligence Centre (FIC) due to its recent report exposing the involvement of Prominent Influential Persons (PIPs) in financial crimes such as procurement corruption. This report, released in 2022, highlights concerning trends in financial crime in Zambia. If the FIC were disbanded, it could potentially hinder efforts to combat corruption and financial crime in the country.
Peter Sinkamba, is calling for the disbandment of the Financial Intelligence Centre (FIC) due to what he perceives as a lack of effective action against those implicated in FIC reports. Sinkamba believes that both the current and past administrations have failed to adequately prosecute individuals named in the reports. If the FIC were to be disbanded, it could have significant implications for Zambia’s ability to combat financial crimes such as money laundering and corruption.
Peter Sinkamba, has called for the disbandment of the Financial Intelligence Centre (FIC). His argument is that the FIC uses taxpayer funds to carry out its operations, and there is a lack of political will to effectively combat the growing problem of financial crime. If the FIC were to be disbanded, it could have significant implications for Zambia’s ability to prevent and investigate financial crimes.
Peter Sinkamba, has called for the disbandment of the Financial Intelligence Centre (FIC), which is responsible for investigating financial crimes and money laundering. Sinkamba has criticized the government for not taking action on the FIC’s recent report on suspicious financial transactions, despite being elected on an anti-corruption platform. If the FIC is disbanded, it could have serious implications for Zambia’s efforts to combat financial crimes and corruption.
