This report sets out Zambia’s progress in strengthening anti-money laundering and counter terrorist financing measures since its 2019 assessment. Since its 2019 mutual evaluation, Zambia has made progress in addressing deficiencies. Overall, Zambia has made progress in addressing deficiencies in technical compliance identified in its MER to justify re-rating of Recommendations. Overall, Zambia has made progress in addressing deficiencies of its technical compliance identified in its MER and the FUR to justify re-rating of R. 2 and R16 (previously rated PC) to Largely Compliant and Compliant respectively. Deficiencies outstanding in Recommendations 8 and 35 do not warrant an upgrade of these Recommendations. Zambia will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures.
Download DocumentPosted: 05, Dec 23
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