RBZ blacklists 47 more illegal forex dealers
The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has blacklisted 47 more individuals for engaging in illegal foreign currency transactions.
This comes days after 30 others were named and shamed and also barred from operating bank and mobile phone money accounts for the next two years.
The ban extends to ownership and use of a mobile phone line.
In a statement on Tuesday, RBZ governor Dr John Mangudya said: “In addition to the 30 individuals blacklisted for advertising and facilitating illegal foreign exchange transactions and money laundering activities through social media as published in the press statement of 28 September 2021, the 47 individuals listed have also been barred from accessing financial and mobile telecommunications services for the same reasons.
“The bank wishes to express its appreciation to members of the public who are coming forward with information that is helping the Financial Intelligence Unit to identify and take action against more culprits.”
Bank and mobile money accounts used by the 77 individuals have been frozen with immediate effect.
The RBZ’s Financial Intelligence Unit continues to monitor the public’s social media and bank account use to identify those who could be engaging in illicit transactions and bring them to book.
The names of the 77 have been forwarded to law enforcement.