Zambia: Malawi’s Kwacha Syndicate Exposed After Zambia Bust

A sophisticated money laundering syndicate involving Malawi’s currency has been uncovered, spanning borders and leading to significant seizures in Zambia. Malawi state agencies are now working diligently to repatriate the impounded funds, exposing a complex network of currency smuggling and potential counterfeiting.

Two weeks ago, Zambia’s Drug Enforcement Commission (DEC) apprehended two foreign nationals–Russian and American–found in possession of Malawian Kwacha totaling K42,184,000,…