FINANCIAL IRREGULARITIES HAMPERING EFFORTS TOWARD POVERTY REDUCTION

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FINANCIAL IRREGULARITIES HAMPERING EFFORTS TOWARD POVERTY REDUCTION

NSHINDANO

 

By Patrick  Soko

 

The Civil Society for Poverty Reduction has observed that the increase in financial crimes is impacting negatively on poverty alleviation in the country.

 

The Financial Intelligence Centre 5th Edition Trends Report has indicated an increase in suspicious financial transactions from 4.5 billion kwacha in 2017 to 6.1 billion kwacha in 2018.

 

CSPR Executive Director Patrick Nshindano regrets that the nation is beginning to embrace a culture of reporting financial irregularities without pressing emphasis on prosecution.

 

He is concerned that resources that could be used to support poverty reduction interventions such as social protection are being affected. 

 

 

 

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