Money laundering activities are common across developing nations. As such, when the news of money laundering bust inside the Zambian nation was heard of, it was not taken up acutely by the citizens. However, the news quickly spread regarding the serious fact that many of the prominent lawyers and even some ministers were involved in this money laundering act. A list was revealed by the FIC (Financial Intelligence Centre), an intelligence agency. This list basically shattered the citizens and industry goers and put the law and order of the Zambian government at an embarrassing position.
FIC reported that while money laundering activities were always kept a track of by the members, suspicious started to grow when the amount and number of cash transactions started to increase rapidly. It was suspected that most of the cash money wired after taking out the cash was to accounts across regions like Dubai and China. These regions are basically safe havens for illegally owned money. At the same time, it was expected that cash transactions under these activities have amounted to almost one billion US dollars. As such, the intelligence agency could no longer ignore these transactions and started looking into it further. During the investigation, various prominent lawyers such as OMM Banda from Avik International and Sakwiba Sikota of Central Chambers were named as having suspicious banking activities. It is a known fact that Sakwiba Sikota is the legal counselor for the Ventriglias who are themselves notorious for their illicit activities across the nation.
One thing is clear from the facts generated by the report. Most of these lawyers and ministers are somehow connected with illicit works, apart from being involved in this money laundering act. This showcases a sheer lack of investigation and monitoring from the Zambian government that has allowed illegal acts to grow into this amount. If strict actions are not taken now, it might result in quick fall of the Zambian economic and political system.