Kunda Kalaba is a Member of the World Advisory Council – Association of Certified Fraud Examiners (ACFE). Member of the African Task Force Organising Committee and Speaker/Presenter at International Conferences – Association of Certified Anti-Money Laundering Specialists (ACAMS). Member of the Association of Certified Compliance Professionals in Africa (ACC-PA). Ex-Chairperson, Anti-Bribery and Anti-Corruption Working Group. Founder member of the Institute of Directors (IoD), Zambian Chapter. Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS),Certified Anti-Bribery and Corruption (ABC) and Certified Registered Pharmacy Technician. Professionally qualified with vast and sound experience in Financial Crime Risk Deterrence, Prevention, Detection,Analysis, Investigations, Sanctions, Customer Due Diligence & Know Your Customer Advisory Services. Worked in Africa, Europe, Asia, Middle East and USA. I would like to share professional trends, typologies, challenges, methodologies and related modus operandi through which the corrupt, the fraudsters, the money launders, terrorists groups and financiers, the “enemies within”, insider traders may employ to execute their financially and economically devastating-criminal tactics and schemes. Welcome to “KEMMAN” Blog. Enjoy the articles.

The amount of cash involved is enormous by any measure in any currency. The predicate offences and crimes which generate colossal sums of this money could be very unpleasant. Those who commit these heinous crimes can be uncouth, uncompromising, hard-hearted and very dangerous. Their wealth and connections mean that they are often more powerful and influential. Some crave into Political lime-light in order to insulate themselves, become “Untouchables” and protected by the “System” with “Honourable” worldly titles.

Publicized financial crimes committed by “Outsiders”, third parties and “Enemies Within” have negatively impacted the reputations, brands and images of many organizations. Given the alluded to shortcomings, the African Continent need to continue on the never-ending path of “Lessons Learnt”, have deeper understanding of the concepts, theories, typologies of money laundering, terrorism financing, bribery, corruption and various operations of organised criminals.

The fight against all forms of financial crimes is like running a race with no finishing line. All organizations are implored to continuously devise effective and plausible remedial measures resulting in tighter controls being adopted thereby thwarting financial crimes. If managerial accountability and transparency are embodied in all sectors coupled with the right tone at the top, implementation of corporate governance would be easier. There would be reduction of criminal activities which inevitably bring about lack of investor confidence, capital flight, closures of companies and industries which consequently create untold misery for already helpless citizenry who will have little to do apart from engaging in criminal activities. It is time to break that cycle. There is no honour in financial crime.

Punishment of offenders and recoveries of stolen funds are so rare that prevention is the only viable course of action. Feasible and plausible preventative measures are much cheaper and far less painful than post-financial crime investigations and litigations. It is better to drain the swamps than to fight the alligators. Let’s play our part.

2 thoughts on “Kunda Kalaba is a Member of the World Advisory Council – Association of Certified Fraud Examiners (ACFE). Member of the African Task Force Organising Committee and Speaker/Presenter at International Conferences – Association of Certified Anti-Money Laundering Specialists (ACAMS). Member of the Association of Certified Compliance Professionals in Africa (ACC-PA). Ex-Chairperson, Anti-Bribery and Anti-Corruption Working Group. Founder member of the Institute of Directors (IoD), Zambian Chapter. Certified Fraud Examiner (CFE), Certified Anti-Money Laundering Specialist (CAMS),Certified Anti-Bribery and Corruption (ABC) and Certified Registered Pharmacy Technician. Professionally qualified with vast and sound experience in Financial Crime Risk Deterrence, Prevention, Detection,Analysis, Investigations, Sanctions, Customer Due Diligence & Know Your Customer Advisory Services. Worked in Africa, Europe, Asia, Middle East and USA. I would like to share professional trends, typologies, challenges, methodologies and related modus operandi through which the corrupt, the fraudsters, the money launders, terrorists groups and financiers, the “enemies within”, insider traders may employ to execute their financially and economically devastating-criminal tactics and schemes. Welcome to “KEMMAN” Blog. Enjoy the articles.

  1. Good day! Mr. Kalaba! I didn’t know that we had such an association in Zambia. However, l am glad that you are helping the needy in society.
    Kindly advise me were you are situated as l have some interesting issues to share.
    Your quick response will be highly appreciated.
    Thank you

    Like

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