Category: Law Enforcement

  * Five days before the malawi-law-society-petitioned-the-attorney-general- for an immediate suspension of the proposed acquisition, pending a full and transparent review  * The Board proceeded with the transaction well-knowing that the Fund will be in breach of the prudential limits  * The Registrar of Financial Institutions has since ordered the PSPTF to rescind the sale agreement and censures it for disobeying its direction made in November By Duncan Mlanjira In his capacity as the Registrar of Financial Institutions, Reserve…

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* Also investigate the full record sorrounding the withdraw of the sale transaction made by the Public Service Pension Trust Fund (PSPTF) Board on January 17, 2024  * Examine compliance with prudential regulatory warnings issued on December 23, 2025 and January 6, 2026; former-rbm-governor-mafuta-mwale-raised-profound-financial-regulatory-red-flags-on-proposed-sale-of-amaryllis-hotel-at-exorbitant-k148-billion/ * Recommends an immediate stay on any further financial disbursement pending a comprehensive forensic audit into valuation methodology, advisory independence and fudiciary compliance  By Duncan Mlanjira The furore sorrounding the proposed sale of Amaryliss Hotel…

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* Proceeding with the transaction would be inconsistent with sound pension fund management principles and expose members to undue financial risk  * From a prudential and regulatory perspective, the proposed transaction is likely to breach investment limits under the Financial Services (Investment Management of Life Insurers and Pension Funds) Directive, 2025  * And result in serious liquidity mismatch and heightened risk warn of regulatory breaches and systemic financial risk that could destabilize the pension sector By Duncan Mlanjira  In…

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* Inspector General Luhanga calls on the officers to invest in the new knowledge and skills to be gained in to effectively discharge their duties in the digital era  * And to ensure lawful handling of personal data in compliance with the Data Protection Act 2024 By Duncan Mlanjira In its capacity as the designated Data Protection Authority and the national focal point for cyber security in the country, Malawi Communication Regulatory Authority (MACRA) is training Malawi Police Service…

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* A significant number of motorists and transport operators have outstanding traffic offence tickets that have remained unsettled for over three years * Going forward, any motorist issued with a traffic offence ticket will be required to settle the fine within 21 days as provided for under the Road Traffic Act By Duncan Mlanjira The Directorate of Road Traffic & Safety Services (DRTSS) has giving motorists and transport operators up to March 12, 2026 to clear their outstanding offence…

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  * Expenses incurred in management of property and payment of provisional tax to be refunded upon being included in annual tax return  * Employees renting residential properties are not allowed to withhold tax when making payments to landlords By Duncan Mlanjira The residential rental income has a waiver of K2.04 million as taxable income and and that all expenses that are incurred in the management of the properties, including payment of provisional rental income tax, shall be refunded…

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