Real estate agents should be high on alert as they are vulnerable to money launderers seeking to clean ill-gotten wealth from illicit deals, the Reserve Bank Zimbabwe has warned. IN AN interview with The Herald Property recently, RBZ Financial Intelligence Unit (FIU) manager Mr Kenneth Ngwarai, said the real estate sector is on the high risk of receiving proceeds of illicit deals.
"Criminals are now aware that banks have put in place tight measures to monitor money laundering, so they are now opting to purchase property in order to secure their money. For this reason the estate agents are vulnerable to money laundering and terrorist financing risk," Mr Ngwarai said.
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