Over 140,000 firms, 90,000 individuals evading taxes using personal accounts – FIC
Published On April 20, 2023 » 910 Views» By Times Reporter » Latest News
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By CHUSA SICHONE –
THE Financial Intelligence Centre (FIC) has disclosed that more than 140,000 companies and 90,000 individuals continued evading tax obligations and committing other crimes through the use of personal accounts for business transactions.
According to the 2022 FIC annual report, the centre’s analysis of Currency Transaction Reports (CTRs) analysed revealed that 90, 774 were relating to individuals while 148, 943 were corporate entities.

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