THE Financial Intelligence Centre has highlighted how some law firms are involved in money laundering and fraud. This was illustrated in three case studies presented in the 2021 Money Laundering and Terrorist Financing Trends Report. In the fourth case study included in the report, FIC explained how the Zambian government transferred over K500 million to an institution as payment of benefits to former expatriates. FIC stated that a law firm based in Zambia received a payment of K58 million on the premise that they were representing the beneficiaries when in fact not. “The Zambian government and the country QQ had resolved that the Zambian government, through Institution X starts processing payment of benefits of former expatriates from country QQ who…...

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