The Zambia Securities & Exchange Commission published an update on the quarterly meeting of the Steering Committee of the Inter-Agency Framework on Collaboration and Coordination in Asset Recovery, convened at the Office of the Auditor General in Lusaka to strengthen cross-agency coordination against serious financial and economic crimes. Chaired by Auditor General Dr Ron Mwambwa on behalf of the Director of Public Prosecutions, the meeting discussed a set of non-classified issues including measures to curb illegal mining and its environmental and fiscal impacts, the growth of financial ventures and Ponzi schemes with a focus on enforcement actions extending to those who knowingly participate in or facilitate them, and ongoing investigations into alleged illegal land sales and allocations within the Lusaka National Park. The update also restated the Frameworkâs operating structure, with a Steering Committee of heads of 21 member institutions meeting quarterly to set strategic direction, and a Technical Committee meeting monthly to coordinate joint investigations and intelligence sharing.
Zambia Securities & Exchange Commission 2025-10-14
Zambia Securities & Exchange Commission reports on Inter-Agency Asset Recovery Steering Committee quarterly meeting priorities
The Zambia Securities & Exchange Commission reported on the quarterly meeting of the Steering Committee of the Inter-Agency Framework on Collaboration and Coordination in Asset Recovery, focusing on enhancing cross-agency efforts against financial and economic crimes. Key discussions included measures against illegal mining, Ponzi schemes, and illegal land sales. The Framework's structure involves a Steering Committee of 21 member institutions meeting quarterly and a Technical Committee meeting monthly for joint investigations and intelligence sharing.