Q FM Africa's Modern Radio
The Financial Intelligence Centre (FIC) has commenced the process of verifying whether the money in the over sixty bank accounts at HSBC bank in Switzerland linked to Zambians was illicitly stashed there.
FIC Director Mary Sikazwe has told Qfm News in an interview that if the money is found to have been illicitly stashed in the Swiss bank, the Financial Intelligence Centre will institute measures to punish the perpetrators.
Mrs. Sikazwe stresses that the IFC has officially received the queries on the matter and the nation will be kept informed at an appropriate time of the outcome of the investigations.
She says the centre is still in the infant stage in analyzing how the monies landed at the Swiss bank.
More than sixty bank accounts at HSBC Bank in Switzerland with links to Zambians where recently exposed.
The Zambian linked accounts are part of the dozens of other bank accounts with links to several accounts which were exposed in an undercover journalism investigation.