"It is an honour to host other FIUs"

Six officials from Botswana and Tanzania were in this country for an anti-money laundering and combating the financing of terrorism (AML/CFT) study visit at the Malawi FIU from 7th to 11th October 2013. Two were from Botswana while four were from Tanzania.

Welcoming the officials to Malawi on 8th October 2013, the Acting Director of the Malawi FIU Mrs. Atuweni Phiri said her organization was honoured to host officials of the two FIUs.

The visiting officials were Dr. Abraham Sethibe (Director) and Mr. Moeemedi Ofitlhile (FIA Officer) from Botswana Financial Intelligence Agency whereas those from Tanzania FIU were Mr. Kassim Robert (Principal Legal Officer), Mr. Seba M. Malocha (Principal Internal Auditor), Mr. Theodore Makene (Senior Financial Analyst) and Mr. Winstone Peter (Senior Computer Systems Analyst).

The officials of the two FIUs thanked the Malawi FIU for accepting to host and impart some knowledge to them. While in the country the officials held meetings with various officials of the Malawi FIU, Reserve Bank of Malawi, Standard Bank, National Intelligence Bureau, Anti-Corruption Bureau, Malawi Police Service, Immigration Department and Directorate of Public Prosecutions.

This is not the first time for the Malawi FIU to host officials on an AML/CFT study visit. The Malawi FIU also hosted two officials of Sierra Leone FIU (Mr. David Borbor and Mrs. Aminata Koroma) in March 2011 and 9 officials from Uganda. The members of the delegation were as follows: Hon. Henry Musasizi MP, Hon. Muzaale Mugabi MP, Hon. Isaac Sejjoba MP, Hon. John Bagoole MP, Hon Sarah Nakawunde MP, Hon. Kyooma Xavier MP, Mr. Martin Nsubuga (Ministry of Finance), Mr. Julius Kabatsi Julisus and Mrs. Juliet Carolyn Anewa Odeke (Parliament of Uganda) in February 2013. The visit of the Ugandan delegation was mainly to benchmark their country’s AML/CFT bill against the laws in some countries within the region before passing it in parliament.

News & Updates

This page was last updated on 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...