Regulatory Alerts2017-01-01
Bank of Zambia Anti-Money Laundering and Combating the Financing of Terrorism or Proliferation Directives, 2017
The Bank of Zambia has issued the 2017 Anti-Money Laundering and Combating the Financing of Terrorism or Proliferation Directives to mandate compliance across all financial service providers and payment system businesses. These directives establish comprehensive regulatory requirements for risk assessment, customer due diligence, and reporting obligations to mitigate financial crime. The updated framework takes effect on June 30, 2017, requiring regulated entities to align their operational procedures with the newly prescribed standards.
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