ZAMBIA LAUNCHES ANTI-ILLICIT FINANCIAL FLOWS POLICY TRACKER
Zambia is this month expected to host a team from the Tax Justice Network Africa (TJNA) and other experts to rollout the Anti-Illicit Financial Flows (IFFs) Policy Tracker Assessment in Zambia.
The Policy Tracker is an African Union mandated tool designed to help member countries assess their national systems for combating tax-related illicit financial flows.
The Zambia Revenue Authority (ZRA) Commissioner General Dingani Banda has announced that the rollout of the Anti-Illicit Financial Flows Policy Tracker Assessment in Zambia is scheduled to take place on 18th May.
The Commissioner General, has also reaffirmed commitment to safeguarding the country’s resources through strengthening the fight against Illicit Financial Flows (IFFs).
He says addressing illicit financial flows is central to the country’s Domestic Resource Mobilisation drive.
Mr. Banda was speaking this morning during the virtual launch and orientation session for the Anti-Illicit Financial Flows Policy Tracker Assessment in Zambia.
The tool is developed by the Tax Justice Network Africa (TJNA) in collaboration with the Africa Tax Administration Forum (ATAF) and the African Union Commission.
At the same event, the African Union Commission (AUC) described Zambia’s assessment as timely and closely aligned with the continent’s direction.
Head of Economic Policy and Sustainable Development, Economic Development, Trade, Tourism, Industry and Minerals Department at AUC, Dr. Patrick Olomo, said the Anti-IFFs Policy Tracker provides a practical African-led tool to support the continental development strategy, particularly, Agenda 2063.
Earlier, the African Tax Administration Forum (ATAF) expressed confident the Anti-Illicit Financial Flows Policy Tracker will enhance how Zambia understands, measures and responds to illicit financial flows.
In a speech read on her behalf by Thulani Shongwe, the Head Africa Multilateral Tax Cooperation at ATAF, Executive Secretary Mary Baine said the collaboration between ZRA, the Ministry of Finance and National Planning and other key state and international institutions, demonstrates the seriousness Zambia has attached to the fight against illicit financial flows.
Zambia has over the years observed an increasing trend in IFFs and the Anti IFFs Policy Tracker remains a strategic tool to ensure that development in the country and Africa at large is not undermined.