THE Anti-Corruption Commission (ACC) has urged banks and all financial institutions to directly report suspicious financial transactions to law enforcement agencies as well and not just to the Financial Intelligence Centre. And FIC says it values reports on suspicious financial transactions that are of good quality, timely and accurate. Bankers Association of Zambia (BAZ) chairperson Mizinga Melu recently lamented that the financial sector was taken aback when no action was taken against certain individuals after they were reported for suspicious financial transactions to relevant authorities. Commenting on Melu’s remarks, outgoing ACC Director General Gilbert Phiri urged reporting entities to consider reporting such cases directly to the commission and other law enforcement agencies. He added that the commission had not hesitated...