ZIMBABWE CENTRAL BANK PERMANENTLY BANS MOBILE MONEY OPERATORS OVER ALLEGATIONS OF MONEY LAUNDERING

On 24 August, Technext reported that the Reserve Bank of Zimbabwe (RBZ) has announced a permanent ban of mobile money agents in the country, stating that it is making efforts to proscribe unlawful trading of foreign currency as part of its new monetary policy measures.  The ban comes barely 2 months after the Zimbabwean government suspended mobile money agents from processing mobile financial transactions.

https://technext.ng/2020/08/24/zimbabwe-central-bank-permanently-bans-mobile-money-operators-over-allegations-of-money-laundering/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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