Financial Intelligence Centre (FIC)
Zambia's financial intelligence unit. It receives, analyses, and disseminates suspicious transaction reports to law enforcement and competent authorities.
Africa · Country coverage
AML/CTF Compliance in Zambia
Zambia regulates AML/CTF through the Financial Intelligence Centre under the Financial Intelligence Centre Act 2010. See the obligations and how MemberCheck supports them.
Last updated
Screening coverage for Zambia
- Sanctions & PEP screening
- Adverse media checks
- Customer identity verification
- Jurisdiction risk checks
- Ongoing monitoring
Key facts
AML supervisor / FIUFinancial Intelligence Centre (FIC) Zambia
FATF statusESAAMLG member
Primary legislationFinancial Intelligence Centre Act 2010 (as amended); Prohibition and Prevention of Money Laundering Act
Overview
AML/CTF compliance in Zambia.
Zambia regulates money laundering and terrorist financing through the Financial Intelligence Centre Act 2010, supported by the Financial Intelligence Centre, which receives and analyses suspicious transaction reports.
Reporting entities must apply customer due diligence, identify beneficial owners, monitor relationships, and report suspicious activity to the FIC, alongside supervision from the Bank of Zambia. Supervisors expect a designated compliance officer, sound internal controls, and staff training.
MemberCheck helps teams meet these obligations by screening customers and entities against global sanctions, PEP, and adverse-media data, verifying identities, and monitoring risk continuously, with a clear audit trail behind every decision.
Regulation
All solutions →Key laws and regulators.
Financial Intelligence Centre Act 2010
Zambia's principal AML statute, setting customer due diligence, recordkeeping, and reporting obligations for reporting entities across financial and non-financial sectors.
Bank of Zambia
The central bank supervises banks and other licensed financial institutions for AML/CTF compliance, working alongside the FIC.
ESAAMLG membership
Zambia is a member of the Eastern and Southern Africa Anti-Money Laundering Group, a FATF-style regional body, and aligns its regime with the FATF 40 Recommendations through that membership.
Obligations
What regulated businesses must do.
- Apply customer due diligence and identity verification
- Identify beneficial owners of corporate customers
- Report suspicious transactions to the FIC
- Conduct ongoing monitoring of customer relationships
- Maintain internal controls and a compliance officer
- Maintain records and provide staff training
1,000+
Global watchlists screened
<1s
Average screening response
24h
Watchlist refresh cycle
195
Countries covered
FAQ
Common questions.
Who supervises AML/CTF in Zambia?
The Financial Intelligence Centre (FIC) receives and analyses suspicious transaction reports, while the Bank of Zambia supervises banks and other licensed financial institutions for AML/CTF compliance.
What is the main AML law in Zambia?
The Financial Intelligence Centre Act 2010, alongside the Prohibition and Prevention of Money Laundering Act, sets the customer due diligence, recordkeeping, and reporting obligations for regulated entities.
Is Zambia a member of FATF?
Zambia is a member of ESAAMLG, the FATF-style regional body for Eastern and Southern Africa, and aligns its AML/CTF regime with the FATF 40 Recommendations through that membership.
How does MemberCheck support AML compliance in Zambia?
MemberCheck screens customers and entities against global sanctions, PEP, and adverse-media data, verifies identities, and monitors risk continuously, with an audit trail behind every decision.
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