Heads of MDAs urged to mitigate ML/TF risks
The Government has called upon heads of its Ministries, Departments and Agencies (MDAs) to implement activities that aim at mitigating money laundering and terrorist financing risks facing the country.
The call was made by the Principal Secretary in the Office of the President and Cabinet responsible for Administration, Mr. Kiswell Dakamau, on 20th March 2019 during the official presentation of the 2018 Money Laundering and Terrorist financing NRA findings by the Office of the President and Cabinet (OPC) to heads of Government Ministries, Departments and Agencies (MDAs) at the Bingu International Conference Centre in Lilongwe on 20th March 2019. Mr. Dakamau was the Guest of Honour at the function on behalf of the Chief Secretary to the Government, Mr. Lloyd Muhara, who was away from Lilongwe.
He said the State President, Professor Arthur Peter Mutharika, gave his support to the Ministry of Finance, Economic Planning and Development, and the Financial Intelligence Authority (FIA) to coordinate the NRA process.
Mr. Dakamau noted that the NRA established existence of capacity gaps in terms of inadequate financial and human resources among the law enforcement agencies. On this note, he assured the heads of the MDAs of government's commitment towards supporting the law enforcement and other agencies.
"The current Government is very committed to ensuring that the Law Enforcement Agencies are well-resourced with adequate staff, skilled staff and well-motivated staff. Over the years, the Government has increased financial funding to the institutions that promote accountability such as the Anti-Corruption Bureau, Malawi Police Service and the Financial Intelligence Authority. I would like to assure this forum that the Government will continue empowering these institutions with increased budgetary support. The Malawi Police Service was in the recent past provided with over 100 motor vehicles to help in crime investigation and control. We will extend such support to other MDAs from time to time," he said.
He commended the United Kingdom's Department for International Development (DFID) in Malawi for technically and financially supporting the NRA process, including the printing of the NRA Report books.
Malawi has conducted the NRA on money laundering and terrorist financing for the second time. The first NRA was done in 2013.
Among other findings in the 2018 NRA, theft, fraud, tax evasion, illegal externalization of foreign exchange and wildlife crimes pose high money laundering risk in the country and the risk of terrorist financing stands at low as was the case in 2013.