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MUTUAL EVALUATIONS


MUTUAL EVALUTATION REPORT FOR THE REPUBLIC OF ZAMBIA.

ESAAMLG PUBLISHES THE MUTUAL EVALUATION REPORT FOR
THE REPUBLIC OF ZAMBIA

The ESAAMLG Council Of Ministers Approved And Adopted The Mutual Evaluation Report For The Republic Of Zambia In August 2008.  The Report Was Prepared By ESAAMLG Experts And Before Its Approval By The Council Of Ministers It Was Fully Discussed And Adopted By The ESAAMLG Task Force Of Senior Officials.

Zambia Has Demonstrated Some Commitment To Establish A Strong AML/CFT Framework. This Commitment Is Reflected By The Enactment Of The Prohibition And Prevention Of Money Laundering Act (PPMLA) And The Anti-Terrorism Act As Well As The Establishment Of The Anti-Money Laundering Investigations Unit (AMLIU). The PPMLA Addresses Some Key Fundamental Requirements By Imposing AML Obligations On All Financial Institutions And Some Designated Non-financial Businesses And Professions Covered By International Standards.

The Report Also Identifies Areas Of Deficiencies In The AML/CFT Framework Of The Republic Of Zambia. It Makes Comprehensive Recommendations On Actions That Zambia Needs To Take In The Short And Medium Terms To Develop Its AML/CFT System To Comply Over Time With International Standards.


Click Here To Download A Copy Of The Executive Summary Of The Report.

ESAAMLG Secretariat
December 2009
 

  Download Document

 Posted:  08, Jan 17