• AMLIU in 2021 investigated 219 money laundering related cases.• The cases involved over K1 billion, over USD 54 million and over €23,000.• AMLIU also seized 3 real estate properties 32 motor vehicles 353, 628, 314.88, USD 28,739,621.55 and €…
Continue Reading
• The Commission resolved 2,366 cases involving 2,933 violations.• K2, 462,657.24 was recovered in refunds and K1, 774,482.79 was recovered in replacements.• Total amount recovered was K4, 237,140.03 which is the value of goods and services consumers would have lost.…
Continue Reading
• Mr. Lungu transferred funds from the Liquidation Account to his Law Firm’s Account.• He instructed the Bank to put the said funds on fixed account deposit.• The arrangement earned Mr. Lungu interest of K17, 250,000 which he withdrew. Drug…
Continue Reading
• The Commission resolved 1, 2 4 8 cases involving 1,617 provisions. • An amount of K1, 177,790. 36 was recovered in refunds. • The total amount recovered was K2, 140,196. 22. Competition and Consumer Protection Commission (CCPC) has disclosed…
Continue Reading
• The suspect was arrested in Kapata Market in Chipata, Eastern Province. • He was in possession of counterfeit notes worth K 28,400 and USD 300. • The counterfeit notes were found in the pocket of his pair of trousers.…
Continue Reading
• The suspects were contracted by Ministry of National Development Planning to supply laboratory equipment for a research centre in Lusaka Province. • They submitted a tax invoice valued at USD247, 839.80 and a packing list purporting that they delivered…
Continue Reading
• The four are small scale farmers from Chifunabuli District. • They have been arrested for unlawful cultivation of fresh cannabis plants weighing over 1.5 tonnes. • Arrangements are being made for all suspects to appear before court. The Drug…
Continue Reading • DEC in the year 2020 investigated money laundering related cases involving over K219 million. • Reports on different predicate offences to money laundering came from the public and private sectors. • Commission seized 103 real estate properties, 72 motor…
Continue Reading
• 17 year-old boy and 05 others arrested for trafficking in 300 sachets of heroin. • They were apprehended from Gabon compound during a joint operation with Zambia Police Service. • DEC is concerned with growing number of young people…
Continue Reading KEY POINTS • Over five tonnes of farming inputs repackaged for smuggling. • Bags of inputs and motor vehicles seized during an operation. • Head Teacher and a school Accounts Assistant also arrested for Money laundering. Drug Enforcement Commission (DEC)…
Continue Reading
Subscribe to our mailing list to keep updated!
Subscribe to our mailing list to keep updated!
Money FM