Zambia News

Govt Dedicated To Combating Financial Crimes

The administration has demonstrated political resolve to combat financial crime and corruption, according to President HAKAINDE HICHILEMA.

Additionally, President HICHILEMA has asked African nations to aggressively work together to combat financial crimes.

During today’s official beginning of the 22nd Eastern and Southern African Anti-Money Laundering Group-ESAAMLG council of Ministers in Livingstone, he was speaking.

President HICHILEMA asked African nations to actively work together in the fight against financial crimes and come up with long-term fixes that will aid the continent in reducing transnational wrongdoings.

He claimed that illegal financial activities like money laundering, corruption, and asset theft have robbed the continent of significant investments and exacerbated poverty.

In order to increase both individual and global food security, President HICHILEMA also stated that it is important to exercise caution while handling financial concerns and to consider the expansion of industries like agriculture.

The group’s member countries have made strides toward conformity with international norms in order to protect themselves from financial risks in the region, according to the Finance Minister, SITUMBEKO MUSOKOTWANE, who spoke at the same event.

Dr. MUSOKOTWANE, the departing president of the ESAAMLG, commended the Zambian government for its assistance in advancing the organization during the year that Zambia served as chairman.

Additionally, to combat international money laundering and terrorist financing, Financial Action Task Force President RAJAH KUMAR said there is a need to expand the global network among nations.

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