ESAAMLG has completed its assessment of Zambia’s anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system. The Mutual Evaluation Report of Zambia comprehensively reviews the effectiveness of Zambia’s measures and their level of compliance with the FATF Recommendations. The Council of Ministers of ESAAMLG adopted this report on 04 June 2019 through a round robin process.Download Document
Posted: 13, Jun 19
ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Zambia on Anti-Money Laundering and Counter-Terrorist Financing Measures.Download Document
Posted: 01, Sep 18
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.
Posted: 08, Jan 17
|Memorandum of Understanding|
|Trends and Methods|
|Country National Strategies|
|Compliance and Financial Inclusion|