GOVERNANCE Activist Rueben Lifuka has called for the enactment of laws which prevent local Zambians from serving as front shareholders for entities, particularly those engaged in illegal activities. And Lifuka says the entities involved in suspicious transactions amounting to US$2.8 billion, as cited by the FIC, should not only be investigated but deregistered. The Financial Intelligence Centre (FIC) has revealed that it detected suspicious transactions by foreign nationals involving over US$2.8 billion to Asia in the fourth quarter of 2023. FIC also revealed that some newly incorporated companies used Zambians as front shareholders and directors, while foreign nationals maintained control of the bank accounts. In its first quarterly bulletin, meant to increase flow of information to the public, FIC stated...