Hichilema orders immediate probe of K13.58 billion suspicious transactions contained in FIC report

President Hakainde Hichilema has directed Law Enforcement Agencies (LEAs) to immediately investigate all issues raised by the Financial Intelligence Centre (FIC) in its latest report.

The 9th Money Laundering and Terrorism Financing Trends Report for 2023, released by the FIC, cataloged suspicious transactions amounting to K13.58 billion for the year.

The FIC revealed that it analyzed 15,696 Suspicious Transaction Reports (STRs) in 2023, out of which 923 intelligence reports worth K13.58 billion were disseminated to LEAs.

This directive was communicated in a statement issued in Lusaka on Wednesday by Clayson Hamasaka, State House Chief Communications Specialist.

Read More: K13.58 billion suspicious transactions made in 2023, Financial Intelligence Centre claims

Hichilema reiterated the new dawn government’s resolve and commitment to zero tolerance for corruption.

“It is therefore the expectation of the Head of State that the Anti-Corruption Commission (ACC), the Drug Enforcement Commission, and other agencies will thoroughly investigate all the suspicious transactions raised in the report,” he said.

Hichilema stated that illicit financial transactions undermine a country’s development agenda.

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