The Drug Enforcement Commission has revealed that it has received twenty-six cases of money laundering, involving two-hundred-and-seventy-seven-million kwacha from 2020 to date.
DEC Deputy Regional Commanding Officer, Northern Province, Mathias Kamanga, says there is need for institutions in the financial sector to collaborate if they are to curb digital fraud and money laundering.
And Bankers Association of Zambia Treasurer, Mwindwa Siakalima, has called on commercial banks to unite in the fight against digital fraud.
The duo spoke during a workshop on cybercrimes and cyber security, targeting the financial sector, hosted by Bankers Association of Zambia, in partnership with the Drug Enforcement Commission, and the Attorney General Alliance for Africa.
By Wedson Mavoro