Mangudya Publishes Names of Individuals Involved in Illegal Forex Trading

The Reserve Bank of Zimbabwe has published the names of individuals involved in illegal foreign currency dealings.

In a statement, the Reserve Bank of Zimbabwe said the Individuals are abusing mobile telecommunications services and other social media platforms to promote and facilitate illegal foreign exchange transactions and money laundering activities.

The FIU has also instructed banks, mobile money operators and other financial service providers to identify and freeze any accounts operated by these individuals and, further, to bar them from accessing financial services for a period of two years, with immediate effect.