-Caveat Lector-
CIA Sees Zambia As The Region's Money Laundering Centre
http://allafrica.com/stories/200102150387.html
Post of Zambia (Lusaka)
February 15, 2001
Posted to the web February 15, 2001
Lusaka
The American Central Intelligence Agency has labelled Zambia as a centre for
money-laundering activities in the Southern African region, disclosed Drug
Enforcement Commissioner Raphael Mungole (in picture) yesterday.
Addressing the fourth Drug Enforcement Commission (DEC) commanders and
senior officers' conference in Siavonga, Mungole said the stalemate in
enacting the anti-money laundering Bill into law and its withdrawal from
Parliament without the public knowing the reasons gave drug dealers and
money-launders a field day.
He said this has led to an unfortunate situation where the American Central
Intelligence Agency has labelled Zambia as a centre for money- laundering
activities in the region. He added that the withdrawal of the Bill created
an economy which was not protected resulting in a foreign exchange regime
which was running away from controlled management.
"We need an anti-money-laundering law to help Zambia rebut the label,"
Mungole said." While drug trafficking, drug abuse and its related money-
laundering activities have emerged as a national problem for transparency
and good governance, the challenge is really on the government and civil
society to be seen to do something." Mungole said government should place
drug trafficking, drug abuse and related money-laundering activities on
priority items if drug trafficking was to be effectively checked. He said
money- laundering, porno trafficking and trafficking in government trophy
has become an economic sabotage which has undermined the economy of the
country.
Mungole said the DEC will tighten its operations as the country draws near
to the parliamentary and presidential elections to stop a phenomenon where
drug money is used to finance and support candidates for elections. He said
this was in line with observations made by members of parliament at a drug
awareness workshop in Lusaka mid last year that persons convicted of drug
trafficking and drug related offences should not be allowed to run for
political office or be appointed to public office. "The parliamentary and
presidential elections coming in late November will pose a challenge because
drug dealers and money-launders would be working to sponsor their associates
to the political altar. This will undermine democracy and transparency in
elections," he said. Mungole urged enforcement officers to be alert in view
of the forth coming Organisation of African Unity (OAU) heads of state
summit and the eclipse of the sun in June this year to ensure the nation is
not turned into a drug tourist destination.
He said despite operational problems, DEC was able to arrest 2,362 drug
traffickers and seize about K 6 billion worthy of narcotic drugs last year.
--
Copyright 2001 Post of Zambia.
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