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*Illegal Forex Dealers Desert Streets After Threats Of 10-year Jail Terms* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?mc Money changers who had become a permanent feature of street corners and bus termini in town are reportedly becoming rarer. This follows government’s promulgation of new regulations on Monday to deal with illegal trade in foreign currency. The new laws prescribe a maximum 10-year jail sentence for illegal foreign currency dealers, with authorities empowered to – through the Unexplained Orders Statute – to seize all ill-gotten wealth. Part of the measures contained in the Money Laundering and Proceeds Crime Act and Exchange Control Act reads An unexplained wealth order is an order requiring the respondent to provide a statement setting out the nature and extent of the respondent’s interest in the property in respect of which the order is made and explaining how the respondent obtained the property( including, in particular, how any costs incurred in obtaining it were met.)… The High Court must be satisfied that there is reasonable cause to believe that the respondent holds property and the value of the property is greater than $10 000 or its equivalent. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- See Also: Ten-year jail terms for illegal foreign currency dealers itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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