Who We Are
Our Vision
A Malawi free of financial crimes.
Our Mission
To prevent and combat financial crimes by detecting and investigating these crimes, and disseminating financial intelligence to Law Enforcement Agencies in order to maintain the integrity of the financial sector.
Our Functions
As set out under Section 4 of the Financial Crimes Act, the FIA is mandated to:
Analyse Reports
Request, receive and analyze reports submitted by Reporting Institutions.
Report to Authorities
Submit reports to relevant law enforcement agencies or supervisory authorities based on financial intelligence analysis.
Maintain Records
Create and maintain a database of statistics and records on anti-money laundering and combating the financing of terrorism (AML/CFT).
Conduct Research
Conduct research into trends, techniques and developments in financial crimes, tracing of proceeds of crime and terrorist financing.
International Cooperation
Cooperate with local and international institutions on AML/CFT.
Training & Support
Offer training and support.
Public Awareness
Conduct public awareness on AML/CFT.
Core Values
Integrity
Carrying out its mandate with a sense of integrity by among other things demonstrating honesty, respect and discipline.
Confidentiality
Adhering to a high level of confidentiality to inspire and maintain the trust of its stakeholders.
Excellence & Professionalism
Striving for excellence and professionalism in conducting its operations and working relationships with stakeholders.
Accountability & Transparency
Being accountable and transparent in the use of its resources and information in adherence to good governance norms.
Creativity & Innovation
Being creative and innovative in carrying out operations.
Strategic Objectives
The FIA implements its operations under the following strategic objectives:
- 1
Detect and Deter Financial Crimes
To detect and deter financial crimes including money laundering, terrorist financing and proliferation of weapons of mass destruction.
- 2
Strengthen the Legal Framework
To update the anti-money laundering and combatting the financing of terrorism legal and regulatory framework.
- 3
Strengthen Organizational Capacity
To strengthen organizational structure, processes and systems for effective FIA performance.
- 4
Strengthen Stakeholder Coordination
To strengthen coordination with key stakeholders.
- 5
Increase Public Awareness
To increase public awareness of the FIA and anti-money laundering and combatting the financing of terrorism issues.
Suspect financial crime?
Report suspicious activity confidentially through our reporting channels.