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RBZ To Audit Bank Accounts Over Alleged Illicit Forex Dealings

RBZ To Audit Bank Accounts Over Alleged Illicit Forex Dealings

The Reserve Bank of Zimbabwe (RBZ)’s Financial Intelligence Unit (FIU) has accused some banks of engaging in the illegal purchase of foreign currency on the parallel market.

FIU now intends to conduct an audit into accounts used by banks in the so-called illicit forex dealings.

FIU director-general Oliver Chiperesa’s correspondence to banks dated 11 May 2022, reads:

Directive to disclose suspense and other internal accounts

1. The Financial Intelligence Unit has noted that some banks may be using suspense and other internal accounts under various descriptions for purpose of purchasing foreign currency on the parallel market. In the result, we intend to carry out an audit of such accounts

2. To facilitate the planning of the audit, every bank is required to furnish to the Financial Intelligence Unit, a list of all the bank’s suspense accounts and other internal accounts used by the bank for its own transactions. The information should be provided to the FIU by no later than Friday 13th of May 2022

3. Subsequent to receiving this information, the FIU may request detailed bank statements for all or some of the accounts. The FIU will take a serious view of a failure to disclose any particular account as requested therein.

May you be guided accordingly.

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7 Comments

Jah🇿🇼Tsvarie-07 1 month ago

Nyika irikuputsiwa nevene vayo, who will arrest the leader's Family Relatives and Friends from to be fueling parallel market.
New bank notes are seen on the streets before any bank withdrawals a sign its the big guys.
#IT IS THE SAME FIRE THAT MELTS BUTTER AND HARDENS AN EGG#


Mwos 1 month ago

Mwos economy


CASINO ECONOMY 1 month ago

Hats off to FIU.....tazosvika ku penalty shoot-out !! Economy yakuzonaka zvino, takuzoona huchi nemukaka wataingonzwa uye. #ECONOMY SABOTEURS MUST FALL.


Chapwititi Kestombela 1 month ago

As long as these morons running RBZ and ZACC are afraid to tackle these powerful old people's home politicians and their associates then we are removing them come 2023. How can a whole RBZ be too blind to even ask how Neville Mutsvangwa gets his millions of US$ that he changes daily??? Stop masquerading as saviours when in actual fact you are the stewards of corruption. Nonsense!!!

Tsaona 1 month ago

Jesus Christ!


Chapwititi Kestombela 1 month ago

Why are you displaying your inefficiency RBZ guys? There are known people who are heavily connected with these powerful politicians of the old people's home. Mutsvangwa munomutya here??? 🤔 Hamuzvizive here kuti Neville Mutsvangwa is a big money changer who deals with millions not chicken change??? Kwanai imimi, you think we are too blind to see 🤔🤔🤔.
ZACC haina kana basa coz vanotya these powerful politicians. Else garai henyu asi pasi. 2023 mese zvenyu out!!!


John E. Demus 1 month ago

By carrying out an unplanned audit The Financial Intelligence Unit ,if not the RBZ ,Minister of Finance are , by admission acknowledging that they have been caught napping, snoring in the job!
The Bank Executives ,however , have displayed an uncanny adaptability to wading the inconsistent and unpredictable policy haphazard approach displayed by the former....😲



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