FINANCE Minister Dr Situmbeko Musokotwane has revealed that the Financial Intelligence Centre (FIC) recorded K146.18 billion in illicit financial flows between 2022 and 2024. He was responding to Lunte PF MP Mutotwe Kafwaya, who wanted to find out how much money in illicit financial flows was recorded year by year for the periods January 2016 to August 2021 and September 2021 to January 2026. In response, Dr Musokotwane said before 2022, the FIC did not include estimated values for illicit financial flows in its disseminations, adding that the Centre was still compiling data for 2025. He explained that the majority of illicit financial flows recorded from 2022 to 2024 were from commercial activities, with tax evasion being the dominant offence....

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