1. Financial Intelligence Authority
Fighting Money Laundering and Financing of Terrorism
11:20 PM

2. Name of Presenter: ATUWENI JUWAYEYI-AGBERMODJI
Presentation Title: PROFESSIONAL WOMEN AT THE HELM OF ENFORCING COMPLIANCE
Name of Presenter: ATUWENI JUWAYEYI-AGBERMODJI
Position: DIRECTOR GENERAL
Name of Workshop: ICAM PROFESSIONAL WOMEN’S CONFERENCE
Venue: SUNBIRD NKOPOLA LODGE-MANGOCHI
Date: FRIDAY 15TH MARCH 2019
11:20 PM

3. STRUCTURE OF THE PRESENTATION
The Financial Intelligence Authority
My leadership journey.
The future V
11:20 PM

4. FINANCIAL INTELLIGENCE AUTHHORITY
11:20 PM

5. WHO WE ARE Established by the Financial Crimes Act (FCA)of 2017.
FCA passed to better prevent, investigate and combat financial and related crimes.
Tracing and confiscating proceeds of crime.
A public body which shall be the national agency responsible for preventing and combating financial crimes.
The FIA is not expected to be under the control or influence of any person, entity or authority.
Administratively the FIA reports to the Minister of Finance.
11:20 PM

6. Disseminate intelligence
WHAT WE DO-ANALYSIS
Request, receive and analyse reports submitted by reporting institutions
Suspicious transaction reports
Large currency and electronic transaction reports.
Disseminate intelligence
To relevant law enforcement authorities or supervisory authorities
Freeze account for 90 days – can extend for another 90 days.
11:20 PM

7. WHAT WE DO-INVESTIGATIONS
Conduct Investigations on any matter related to the implementation of the FCA.
Access financial, administrative and law enforcement information.
Request and receive information or additional information from any person, institution or agency.
Instruct a reporting institution to take such steps as may be appropriate to facilitate any investigation anticipated by the FCA
Limit ourselves to financial investigations with intention of confiscating proceeds of crime.
11:20 PM

8. WHAT WE DO-ENFORCE COMPLIANCE
Delegate powers to a supervisory authority or self- regulatory body.
Issue instructions, directions, directives, guidelines or rules to reporting institutions,
Issue instructions, directions, directive to self regulatory bodies and supervisory authorities.
Impose and enforce administrative sanctions and penalties for breach of the FCA.
Warnings
Director reporting entity to take certain action
Fines
Notices in newspapers and websites
Recommendation for revocation of licenses
11:20 PM

9. MY LEADERSHIP JOURNEY
11:20 PM

10. I didn’t know how much energy to exert at the job.
I could not establish procedures or systems.
I felt undervalued.
I second guessed myself all the time and sought approval .

11. AND IN OTHER NEWS
Cashgate product! I don’t see FIU performing satisfactorily under her leadership… (Zosautsa)
I am a lady and always applaud when a deserving lady is appointed to a High post. Koma kunena zoona Atuweni has never impressed me if we talk of achievements. She is bright in class this is indisputable but practically mmmh. I doubt ku parliament adutsa…(Witness)
Nyasa times 15th February 2015
11:20 PM

12. Over-drive trying to prove my worth.
I was naïve.
Led to many mistakes and frustration.
I was surviving not enjoying.
11:20 PM

13. Leadership Support Legacy building Team building Marketed the FIA
Creativity
Reputable allies
11:20 PM

14. Law governing the FIA and money laundering repealed.
FIA team became stronger
First line of defence.
Goal oriented
FIA role clarified respect earned.
Finally finding head way in the AML regime
National risk Assessment
Mutual evaluation
11:20 PM

15. AS THE ROAD TRIP CONTINUES
11:20 PM

16. Fighting Money Laundering and Financing of Terrorism
Thank You i
Private Bag B441
Capital City,
Lilongwe 3
MALAWI
Tel: /
Fax:
Web:
11:20 PM