Director of Public Prosecutions Gilbert Phiri has urged investigators to improve their expertise to address the evolving tactics used in illicit wealth transfers by politically exposed individuals. Speaking at the National Annual Prosecutors’ Conference, Phiri emphasized the need to adapt investigative methods to combat sophisticated strategies for concealing unlawfully acquired assets.
Phiri pointed out a troubling trend where former political leaders transfer illicitly obtained wealth to family members to avoid detection. Namibian Prosecutor General Olivia Imalwa shared similar concerns, noting that children often unknowingly become custodians of these hidden assets.
“We must collaborate with jurisdictions outside Africa,” Imalwa stated. “Many of these resources are kept overseas, and international cooperation is essential to recover them for public benefit.”
She highlighted the sensitive nature of prosecuting politically exposed individuals, who are often closely connected to society. “These individuals are not just numbers; they are our parents, siblings, and community members,” she remarked, advocating for a strategic yet considerate approach to investigations.
The Need for International Collaboration
Both Phiri and Imalwa stressed the importance of cross-border partnerships to effectively address the movement of illicit funds. Illegally acquired assets are often hidden in foreign jurisdictions with complex legal systems, making robust international cooperation critical to recovery efforts.
Conference attendees also discussed the importance of identifying and dismantling advanced financial mechanisms used in money laundering, such as digital asset transfers and offshore accounts.
Call for Policy Reform and Training
Phiri called for continuous professional development among prosecutors and investigators, saying, “Without updated skills, we risk falling behind in tackling modern financial crimes. Training programs must address emerging trends in asset concealment.”
Imalwa highlighted the challenges posed by limited resources and outdated technology, which hinder effective asset recovery. She advocated for increased investment in forensic accounting and data analytics to enhance investigations.
The discussions at the National Annual Prosecutors’ Conference highlighted the growing challenges of addressing financial crimes involving politically exposed individuals. Phiri’s and Imalwa’s insights underscored the urgent need for global cooperation and skill development to ensure justice and reclaim public resources. As illicit wealth transfers become more complex, innovative solutions and international solidarity are vital to counter these crimes effectively.
