THE insights by Madam Mizinga Melu into how criminals use banks to launder money make interesting reading. The renowned bank executive who now heads the Bankers Association of Zambia (BAZ) says her association is actually frustrated because, contrary to popular belief, banks report money laundering cases, but the investigative wings don’t act. Madam Melu shed some light on how government leaders, the honourables obtain ‘junk’ loans in an attempt to conceal money laundering activities. MIZINGA Melu: “The regulation is that we must report and we have been doing this for years and we have been extremely despondent that when we report, nothing happens. Nothing happens! And we see people on the streets still walking about and yet we know and…...

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