Stashes of cash externalised – FIC
Published On July 4, 2022 » 1810 Views» By Times Reporter » Latest News
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By CHUSA SICHONE-

THE Financial Intelligence Centre (FIC) has revealed that foreign nationals with incorporated companies in Zambia using locals as proxies externalised huge sums of money mainly to Asia under the guise of importing goods.
Cash deposits would be made into different accounts by related parties and immediately the funds would be transferred to a foreign country, with Asia being the main destination.

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