RBZ Names And Shame 30 Illegal Money Dealers Who Have Been Abusing Mobile Services And Social Media To Promote IIIegal Foreign Exchange Transactions.
The Reserve bank of Zimbabwe (RBZ) in conjunction with the Financial Intelligence Unit (FIU) has named and shamed 30 illegal money dealers who have been abusing mobile telecommunication services and other social media platforms to promote and facilitate illegal foreign exchange transactions and money laundering activities.
In a press statement, RBZ issued measures against the illegal money dealers. The FIU has since instructed banks to freeze any accounts that were being used by the accused individuals. The named individuals have with immediate effect been banned from accessing any financial services for 2 years.
FIU has also engaged with POTRAZ to block the 30 illegal money dealers from operating their mobile lines.
iHarare is publishing the statement in its entirety;
“MEASURES AGAINST INDIVIDUALS ABUSING MOBILE PHONE SERVICES AND SOCIAL MEDIA TO PROMOTE AND FACILITATE ILLEGAL FOREIGN EXCHANGE TRANSACTIONS AND MONEY-LAUNDERING ACTIVITIES
The Financial Intelligence Unit (FIU) has identified individuals listed hereunder who are abusing mobile telecommunications services and other social media platforms to promote and facilitate illegal foreign exchange transactions and money laundering activities.
The FIU has instructed banks, mobile money operators, and other financial service providers to identify and freeze any accounts operated by these individuals and, further, to bar them from accessing financial services for a period of two years, with immediate effect.
The FIU has also requested the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) to bar the said individuals from operating mobile phone lines.
The FIU, in collaboration with law enforcement agencies, will continue to monitor various social media and bank accounts to identify and take action against perpetrators of illicit dealings. Over and above the corrective measures of barring the delinquent individuals from accessing banking and financial services and operating mobile phone lines, the FIU has forwarded their names and particulars to law enforcement agencies for prosecution.
Members of the public who have information that may assist in identifying more perpetrators are urged to contact the FIU on WhatsApp numbers 0714039897 or 0780434475.”