GIDEON NYENDWATHE Financial Intelligence Centre (FIC) has frozen 55 bank accounts worth over $30.3 million, K292.9 million and 106,85 Euros held with eight commercial banks.FIC Acting Director General Liya Tembo said the institution had also learnt a named company was paid K70 million during the election period.Ms Tembo said the cash transactions increased just before elections as the company was paid the amount to facilitate elections.Fifty-five bank accounts worth over $30.3m, K292.9m and 106, 85 Euros held with eight commercial banks were frozen by FIC.Ms. Tembo said 211 transactions reports were analysed in 2021 with the majority of the cases being suspicious unusual cash transactions.She also said the number of currency transaction reports last year increased to 144, 000 and 45, 852 cases compared to 129, 826 in 2020.Ms. Tembo was speaking during the launch of the seventh money laundering and terrorism financial trends report in Lusaka yesterday.“The FIC has reported a 13 percent increase […]
FIC freezes 55 bank accounts worth US$30 million
