Zimbabwe's central bank freezes 522 bank accounts, fines 140 entities/individuals for violating exchange control regulations.
Zimbabwe's central bank, Reserve Bank of Zimbabwe, has frozen 522 bank accounts and fined 140 entities/individuals for violating exchange control regulations. This crackdown, led by the Financial Intelligence Unit, targets suspicious transactions like multiple bank cards for foreign currency trading and inconsistent shopping behavior. The moves aim to protect the new gold-backed Zimbabwean Gold (ZiG) currency.
June 08, 2024
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