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Zambia BO group

Zambia Legislative Report

This report provides a comprehensive review and analysis of the beneficial ownership laws, regulations and policies in Zambia.

This report examines relevant beneficial ownership provisions in key primary and secondary legislation and identifies the gaps, inconsistencies and practical challenges faced in implementing beneficial ownership in Zambia. The report also provides practical recommendations on how the legislative, regulatory and policy framework on beneficial ownership can be improved.

One of the key findings from this report is the importance of inter-agency coordination among beneficial ownership implementing agencies and the need for a harmonised framework particularly on issues such as reporting thresholds. The report recommends ways that the definition of a beneficial owner in the primary law - the Companies Act - can be clarified to address existing ambiguities.