The Minister of Justice and Constitutional Affairs, Honourable Bright Msaka, has reiterated Malawi Government's commitment to addressing deficiencies highlighted in the Mutual Evaluation Report of the country.
In his remarks when receiving the approved Mutual Evaluation Report during the ESAAMLG Council of Ministers meeting held on 6th September 2019 at the Royal Swazi Spa and Convention Centre in Eswatini, the Minister indicated his delight for the achievements recorded by Malawi and pledged to address the deficiencies as soon as possible.
"We take note of the country's successes as highlighted in the Mutual Evaluation Report. It is an indication of the country's efforts and commitment to combating money laundering, terrorist financing and other economic crimes in Malawi. In addition, we have taken note of the deficiencies and the recommendations put across by the assessors aimed at addressing the identified deficiencies. I would like to assure you Mr. President and the Council that the Malawi Government is committed to addressing the challenges outlined in the Mutual Evaluation Report," said honourable Msaka.
He indicated that Malawi had already started working on a number of mechanisms including the drafting of Regulations supplementing the Financial Crimes Act which are aimed at addressing some of the deficiencies in the Mutual Evaluation Report and that the Regulations would be issued by the end of September 2019.
The Minister thanked the country's assessors and the ESAAMLG Secretariat for their work on the mutual evaluation of the country.
Malawi last underwent the mutual evaluation process in 2008.The Speech by the minister can be accessed here