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Tag: Financial Intelligence Unit (FIU)

Posted inNews

RBZ to clamp down on accounts that swipe RTGS in exchange for USD

by Lulu Brenda Harris 13th October 202113th October 2021

The Reserve Bank of Zimbabweโ€™s (RBZ) Financial Intelligence Unit (FIU) has put out a directive for banks to report individuals who use their local currency cards to swipe transactions in exchange for forex, in a move the central bank classifies as โ€˜illegal USD exchanges.โ€™ The FIU said it has noted an increasing abuse of debit […]

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