Financial Crime World

Malawi Enhances Financial Crime Investigation Capabilities with New Specialist

Strengthening Efforts Against Financial Crime

The Malawian government has taken a significant step towards combating financial crime by hiring a senior financial investigation specialist. This move is aimed at enhancing the country’s ability to investigate and recover assets stolen through corrupt means.

The Tackling Serious and Organised Corruption (TSOC) Programme

The International Centre for Asset Recovery (ICAR), in partnership with the UK Foreign, Commonwealth and Development Office (FCDO), has implemented the TSOC programme in Malawi. This programme focuses on:

  • Improving investigation and prosecution capacity: Enhancing the ability of law enforcement agencies to investigate and prosecute cases related to financial crime.
  • Recovering stolen assets: Identifying and recovering assets that have been stolen through corrupt means.

Key Responsibilities of the New Specialist

The senior financial investigation specialist will work closely with the Malawi Police Service’s Criminal Investigation Division (CID), particularly with the Fiscal and Fraud Unit (FFU) and the Dangerous Drugs Unit (DDU). Their key responsibilities include:

  • Developing financial investigation and asset tracing capacity: Providing technical assistance to develop the skills of investigators in financial investigation, asset tracing, and non-conviction based asset forfeiture cases.
  • Enhancing collaboration between law enforcement agencies: Working with an in-country team of investigators and prosecutors to enhance collaboration and coordination between law enforcement agencies.
  • Reviewing cases for money laundering charges and recovering proceeds of crime: Advising on the potential of cases to bring money laundering charges and recover proceeds of crime.

Requirements for the Role

The ideal candidate will have:

  • A strong background in forensic investigation, financial investigation, or criminal investigation
  • At least 10 years of experience working in financial investigations
  • Proven knowledge and experience in:
    • Asset tracing
    • Proceeds of crime investigations
    • Money laundering investigations
    • Non-conviction based forfeiture

Application Process

The position is open until December 15, and only short-listed candidates will be contacted. The successful candidate will be entitled to a competitive salary and benefits package, including:

  • Health allowance
  • Accommodation allowance
  • One home leave flight per year