What the FIC found for 2024
A report from the FIC indicates that currency transactions in Zambia increased significantly in 2024. These transactions rose to K1,036 billion compared to K501 billion in 2023. This means over K1 trillion moved through the financial system within a single year. The report links a majority of these funds to suspected illicit activity. This activity involves ministers and senior members of the government.
That FIC report is making waves — and the numbers are huge. What the FIC found for 2024: 1. Currency transactions more than doubled– K1,036 billion in 2024 vs K501 billion in 2023*. That’s over K1 trillion moving through Zambia’s financial system in a year. 2. Majority linked to suspected Illicit ministers and senior members […] The post What the FIC found for 2024 first appeared on The Zambian Observer .