Regulatory Alerts2023-01-01
Bank of Zambia Circular No. 13/2023 on MEFMI AML/CFTP Workshop
The Bank of Zambia has issued Circular No. 13/2023 requiring all regulated financial service providers to nominate officers for a five-day AML/CFTP workshop co-hosted with MEFMI. The event will be held in Livingstone from September 18 to 22, 2023, with a US$500 participation fee payable directly to MEFMI and completed nomination forms due by July 28, 2023. This initiative aims to strengthen compliance capabilities and prepare participating entities for the upcoming national risk assessment on money laundering and terrorist financing.
[Logo: Bank of Zambia]
Bank of Zambia OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/bsd/bp
June 9, 2023
CB Circular No. : 13/2023
To : All Heads of Financial Service Providers
MICROECONOMIC AND FINANCIAL MANAGEMENT INSTITUTE OF EASTERN AND SOUTHERN AFRICA WORKSHOP ON COMBATING MONEY LAUNDERING
The Bank of Zambia and the Microeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI) will co-host a five-day workshop on Combating Money Laundering and Terrorist Financing and Proliferation (AML/CFTP) in Livingstone, from September 18 – 22, 2023.
Regulated entities play a very significant role in the implementation of the national and global anti-money laundering and countering of terrorist and proliferation financing measures. In light of this important role, regulated entities are expected to continuously build and upgrade their AML/CFTP capabilities in order to promote the integrity and stability of financial markets. Participation by all regulated entities in this important workshop is crucial for enhancing and entrenching sound AML/CFTP compliance practices.
The objective of this workshop will be to assist participants on how to identify, report, prevent money laundering and financing of terrorism. Further, the workshop will provide a platform for participants to enhance and entrench their ability to implement AML/CFTP compliance programmes. In addition, the workshop will serve as an opportunity to capacitate regulated entities to participate in the forthcoming AML/CFTP National Risk Assessment scheduled to be conducted in the later part of this year.
In this regard, you are requested to nominate officers to attend this important workshop. The participation fee for the workshop is US$500 per participant which shall be paid directly to MEFMI as per details provided in the registration form. The details and contacts for the nominees should be completed on the attached nomination form and sent to mmulenga@boz.zm and Sharon.Wallett@mefmi.org, by July 28, 2023.
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Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm
CB Circular No. 13/2023 - 2 - June 9, 2023
We look forward to your active support and participation in Combating Money Laundering.
[Signature]
Francis Chipimo (PhD) DEPUTY GOVERNOR – OPERATIONS AND REGISTRAR OF FINANCIAL SERVICE PROVIDER
cc Governor Deputy Governor – Administration Director – Bank Supervision Director – Non-Bank Financial Institutions Supervision Director – Payment Systems
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm