33 p.c. legal persons register their BO data with PACRA –FIC study
Published On March 25, 2024 » 550 Views» By Times Reporter » Latest News
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By CHUSA SICHONE
THE Financial Intelligence Centre (FIC) says only 33 per cent of legal persons and entities have registered their Beneficial Ownership (BO) information with Patents and Companies Registration Agency (PACRA).
According to the FIC study on the availability and access to BO ownership for law enforcement investigations in Zambia launched last week, Beneficial Ownership was crucial in combating crimes like money laundering, tax evasion, corruption and terrorist financing.
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