DIRECTOR of Public Prosecutions (DPP) Gilbert Phiri says FIC Director General has the powers to inspect law firms. He adds that it’s a false sense of comfort for individuals to think that they are protected by hiding “dirty” money with law firms. Phiri says days of hiding Illicit money in offshore accounts are slowly coming to an end as jurisdictions were uniting and sharing information. Speaking when he appeared on the News Diggers! Mind Your Business podcast, Monday, Phiri said under the FIC Act, every law firm was required to have compliance officers who were supposed to render reports and flag any suspicious transactions. Asked to comment on FIC being blocked from inspecting law firms, Phiri said FIC Director operates...
