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Regulations activate K16 billion Confiscation Fund
['Allan Nyasulu', 'Wasili Gomani', 'William Nthala', 'Isaac Chikuniwenda Mtonga']
Nation Online
The Financial Crimes (Confiscation Fund) Regulations, 2026, gazetted on July 24, 2026, operationalise the fund, which, according to the Financial Intelligence Authority (FIA), holds about K16 billion recovered from proceeds of crime.
Recovering K16 billion suggests we are still clawing back only a fraction of what has been stolen,” he said.
“It would have helped if the National Planning Commission had been included as a strategic adviser to the fund.
The first allocations should support activities that reinforce the objectives of the Financial Crimes Act while contributing to Malawi 2063.
Section 48(2) of the Financial Crimes Act, 2017 empowers the courts to order the forfeiture or confiscation of tainted property belonging to convicted offenders.