HARARE, Oct.6 (Xinhua) – Zimbabwe’s central bank on Tuesday blacklisted 47 more people for allegedly advertising and facilitating illegal currency transactions and money laundering through social media.
This happened after 30 people were “blacklisted and barred from accessing financial and mobile telecommunications services for the same reasons” on September 28, said John Mangudya, Governor of the Reserve Bank of Zimbabwe. (RBZ).
The governor thanked the public for their information which helps the Financial Intelligence Unit (FIU) of the RBZ identify and take action against the culprits.
When the RBZ blacklisted the 30 people, the FIU asked banks, mobile money operators and other financial service providers to identify and freeze all accounts managed by identified people and to Deny them access to financial services for a period of two years, Mangudya said.
The FIU had also asked the Zimbabwe Post and Telecommunications Regulatory Authority to ban them from operating mobile businesses.
Since then, 14 suspected illegal foreign currency traffickers have been arrested, including four business leaders, for money laundering.
Zimbabwe’s current black market rates are reported to be more lucrative than those in the formal banking system.