The approval of the National Anti-Money Laundering/Countering the Financing of Terrorism strategy for 2015-2017 demonstrates the government’s commitment to international efforts to curb financing of terrorism.

Acting Chief Government Spokesperson Vincent Mwale said in a statement released after a Cabinet meeting that Cabinet approved the strategy which will also provide a clear roadmap of how the Anti-Money Laundering/Countering the Financing of Terrorism system will develop and deliver effective outcomes.

This, he said, was in line with the global trends and techniques in dealing with the vice.

“At national level, the development of the strategy demonstrates the commitment by the Zambian government to the international Anti-Money Laundering/Countering the Financing of Terrorism standards,” he said.

Meanwhile, the Zambian government also approved the signing of a memorandum of understanding between the country’s anti-drug agency, the Drug Enforcement Commission (DEC) and the Drug Enforcement Administration of the United States.

The memorandum of understanding will enhance international cooperation in combating illicit drugs and control over chemical precursors, which are causing substantial harm to people across boundaries. Enditem

Source: Xinhua



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