We give police full names of suspects, says Financial intelligence centre

We give police full names of suspects, says Financial intelligence  centre


John Kasanga Financial Intelligence Centre (FIC) Acting Board Chairperson says FIC is the SOLE agency mandated by law to receive, request, analyse and disseminate the disclosure of suspicious transaction reports required to be made under the FIC Act or ANY other written law, including information from any foreign designated authority.

And FIC Director Mary Chirwa says the report submitted to police and the one disseminated to the public are different and serve different purposes. She says the police are given report with names of suspects and suspected crimes for them to follow up while the public is given a generalised report to raise awareness.

FIC chair Kasanda insists the FIC team are not “takataka” people but are a highly competent and professional team of experienced individuals who possess skills well sought after in our region.

The dossiers that go to Law Enforcement Agencies (LEAs) are detailed (with FULL names of actors involved) and pinpoint transactions from inception.

The FIC follows the money trail and is meticulous in determining which suspicious transactions merit being passed on to LEAs and which ones do not.

DG Mary Chirwa worked at the Drug Enforcement Commission (DEC) for 18 years and headed the Anti-Money Laundering Investigations Team for 6 years, successfully prosecuting money laundering cases in court before she was picked to head FIC.

“No individual is bigger than Zambia” – John Kasanga

Meanwhile, FIC Director General Mary Chirwa says the reports given to law enforcement agencies and the one disseminated to the public are different and serve different purposes.

She writes:

3. What is the difference between an Intelligence Report and Trends Report?
An intelligence report is a product of operational analysis which uses available and obtainable information to identify specific targets, to follow the trail of particular activities or transactions and to determine links between those targets and possible proceeds of crime, money laundering, predicate offences and terrorist financing. In undertaking operational analysis the FIC has access to wide sources of information such as suspicious transaction reports (STRs), internal and external data bases, financial, administrative and law enforcement sources. This is as provided for under Section 5 (3)(c) of the FIC Act.
The intelligence report contains details such as suspected offences in specified laws, property suspected to be proceeds of crime and names of suspects. This report is disseminated to law enforcement agencies. As highlighted earlier, the Trends Report on the other hand is for public consumption and contains redacted case studies that demonstrate methods used to launder suspected proceeds of crime.
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4. How does the FIC process raw data into an intelligence report?
The above image illustrates the process that is followed in producing intelligence reports which are disseminated to law enforcement agencies. The process makes use of suspicious transaction reports and other disclosures which are classified as “raw data”. The information disseminated to law enforcement is not raw data as it goes through a rigorous process of enrich

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