DEC Arrests Two People From FIC Money Laundering Report

The Drug Enforcement Commission (DEC) has arrested two people mentioned in a report on money laundering from the Financial Intelligence Centre (FIC).

The announcement was made by Mary Chirwa, Director General of the FIC, who explained that the two had been arrested based on information provided through the report.

The report showed trends of a “cash bonanza,” where there was an unprecedented amount of cash transactions as more people kept their money in their homes which raised suspicions within the FIC.

The report outlined 211 suspicious transactions with 44 of these being disseminated to law enforcement agencies.

Ms Chirwa, said that anyone attempting to launder money will be pursued by the DEC.

She stated, “ “Now that I am at the DEC which has more powers [than FIC], we will not disappoint Zambians.”

The arrests represent a step taken by the New Dawn government to stamp out all forms of corruption to deliver on their manifesto promises.

Photo: Tenson Mkhala