MALAWI FIU HAS A SERVICE CHARTER

The Malawi FIU has developed a Service Charter as part of Public Sector Reform Program being implemented by the government with the aim of ensuring that all government ministries, departments and agencies provide high level of services to the nation.

The FIU is a government agency established under the Money Laundering, Proceeds of Serious Crime and Terrorist Financing Act (ML Act). It is an autonomous central national agency having the responsibility of receiving, requesting, analyzing and dissemination to competent authorities, disclosures of financial information from financial institutions in order to counter money laundering and financing of terrorism

In the Service Charter, the FIU has clearly spelt out what it does, what stakeholders can expect from it, how it can be contacted, obligations of various stakeholders including the general public, and how stakeholders can seek redress, among others. More on FIU Service Charter

You can get the FIU Service Charter under the Communication Section of this website.

News & Updates

This page was last updated on RBM BOARD MEMBERS SENSITISED ON AML/CFT New board members of the Reserve Bank of Malawi (RBM) were on 30 June 2016 sensitised on anti-money laundering and combating the financing of terrorism (AML/CFT) concepts.. MALAWI FIU RELOCATES TO NEW PREMISES The Financial Intelligence Unit (FIU) is pleased to announce that it has relocated to new office premises in Area 3, plot 3/071. MALAWI TO ENACT AML BILL 2016 AS PART OF DRIVE TO STRENGTHEN REGULATORY ENVIRONMENT Malawi State President, Professor Arthur Peter Mutharika, has said that his government will table the Anti-Money Laundering Bill 2016 during the current sitting of parliament as commitment to strengthen the regulatory environment of the financial sector...
MALAWI FIU HAS A SERVICE CHARTER The Malawi FIU has developed a Service Charter as part of Public Sector Reform Program being implemented by the government with the aim of ensuring that all government ministries, departments and agencies provide high level of services to the nation...
BOARD MEMBERS OF VANGUARD LIFE ASSURANCE SENSITISED ON AML The FIU sensitised board members of Vanguard Life Assurance Company in Blantyre on 30 April 2016. The objective of the sensitisation workshop was to equip the life insurance company's board with knowledge on money laundering and terrorist financing concepts....
MALAWI TO UNDERGO AML/CFT MUTUAL EVALUATION Malawi will be assessed for the second time on how it is implementing anti-money laundering and combating the financing of terrorism (AML/CFT) recommendations as guided by the Financial Action Task Force (FATF)....
STUDY REVEALS THAT POOR AML CONTROLS POSE HIGH RISK FOR MVTS AND CE SECTORS A study by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) on money laundering and terrorist financing (ML/TF) through the money or value transfer service (MVTS) and currency exchange (CE) sectors revealed that poor AML controls is one of the major factors that pose high ML risk to the said sectors...
RBM ISSUES DIRECTIVE ON FIT AND PROPER REQUIREMENTS FOR COMPLIANCE OFFICERS AND OTHER SENIOR OFFICIALS OF COMMERCIAL BANKS The Reserve Bank of Malawi (RBM) issued a Financial Services Directive in 2014 on requirements for recruitment or appointment of Compliance Officers to be followed by all commercial banks...