The 2022 Financial Intelligence Centre (FIC) annual report has been released revealing suspicious financial transactions amounting to K6.1 billion perpetrated by among others prominent influential persons (PIPs).
The report has also revealed that most of the trends noted in 2021 continued in 2022 in suspicious financial transactions.
According to the report, the usage of cash in high value transactions, externalised of funds to tax havens by foreign individuals and (PIPs) continued in the year 2022.
Further, the report has revealed that the centre froze three (3) bank accounts amounting to K31.1 million on grounds of suspected theft and money laundering to allow for verification and analysis.
By Darius Choonya