Zimbabwe: RBZ Monitoring Suspicious Transactions

22 December 2014

THE Reserve Bank of Zimbabwe says it is monitoring suspected illicit transactions and some individual bank accounts which are being used for business operations in a calculated move to circumvent corporate scrutiny. RBZ Governor Dr John Mangudya told a breakfast meeting organised by the Institute of Charted Accountants of Zimbabwe last week that banks have been reporting suspicious transactions every day.

"We have noticed that there are illicit transactions," said Dr Mangudya.

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