Anti-Money Laundering/Combating Financing of Terrorism Webinar with FIC (Zambia) and ESAAMLG

Internet-based commerce and mobile technology have driven the development of several innovative technologies. These have shifted the traditional way the money is valued, transferred and traded.

An important development in this process of transformation has been the emergence of Virtual Assets which are any digital representation of value that can be digitally traded, transferred or used for payment and Virtual Assets Service Providers.

Against this backdrop, AGA-Africa in collaboration with the Financial Intelligence Centre, Zambia and the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), held a three-day webinar on “Understanding of the Anti-Money Laundering/Combating Financing of Terrorism (AML/CFT) Requirements for Virtual Assets (VAs) and Virtual Assets Service Providers (VASPs) for Regulators/Supervisors” from 12th – 14th July, 2021 in Zambia.

The three-day webinar was aimed at providing the participants with an in-depth understanding of Virtual Assets (VAs) and Virtual Asset Service Provider (VASPs), their different forms and how they operate, including threats and vulnerabilities.

The webinar was officially opened by Dr. Freda Mwamba Brazle, Managing Partner, Innovatus Zambia and AGA-Africa Country Coordinator, Zambia, with keynote addresses by Mary Chirwa, Director General, Intelligence Centre, Zambia and Joseph Jagada ESAAMLG Secretariat Representative.

The webinar sessions were facilitated by Kombe Kaponda, ICT Networks and Security Solutions Engineer, Anand Ramaswamy, International Computer Hacking and Intellectual Property Attorney Advisor, Sub Saharan Africa, Sanjeev Bhasker Attorney Advisor, Digital Currency Initiative, Money Laundering & Asset Recovery Section, United States Department of Justice, Kirk Peifer, Program Manager, IRS Criminal Investigation Division Cyber Crimes, Samuel Kiragu, Coordinator of Financial Services Programs, Nova Scotia Community College, Canada, Michael Ilishibo, Digital Forensic Analyst , Zambia Police Service, Mercy Buku AML/CFT Legal and Risk Management Consultant, Banking and Digital Financial Services Sector, Marcus Elizabeth, Policy Analyst at Seychelles Ministry of Finance, Trade and Investment, Sulakshana Gigabhoy Sauhoboa, State Counsel, Attorney General’s Office Mauritius, Diphat Tembo, Certified Anti Money Laundering Specialist, Association of Certified Anti-Money Laundering Specialists (ACAMS) and Amon Chitsva, Head Research and Policy Payment Systems at Reserve Bank of Zimbabwe.