The Reserve Bank of Malawi’s (RBM) on Friday engaged financial services lawyers in a quest to raise awareness on microfinance regulation, pension regulation, development finance, Money Laundering and crypto currencies.

RBM General Counsel and Bank Secretary, George Chioza, said that implementation of the laws in the discussed topics, was limited because financial institutions are not aware of the laws. The major issues had to do with compliance not necessarily because they chose not to comply but, in most cases, because they were not aware of the law in that specific area,” Chioza said.

Meanwhile, Parliament spokesperson Ian Mwenye said the secretariat is in the process of coming up with assent copies of the Tax amendment bill which will be sent to the President for approval.