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*"They're Closing All ECOCASH Lines Doing Cash-ins Only," REPORT* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?vz Ecocash is reportedly closing Agent lines that are mainly processing Cash-ins only. Reports suggest that the Econet Wireless subsidiary believes that those Agents might be involved in money laundering. One forex dealer who spoke to Zim Price Check said: ---------- Latest itel S24 available on Pindula: 128GB storage $119 USD WhatsApp +263783450793 ---------- > Things are bad. They are closing all lines that do cash-ins but rarely if ever do cashouts. Lots of guys have stopped trading as they fear their lines will be closed. The development comes a few days after the government together with the Zimbabwe Anti Corruption Commission have recently told Ecocash to reign in their Agents as the country take steps to address money laundering. Zim Price Check observes that although cash-ins without a lot of cashouts suggest that one is involved in money laundering, it is also possible that the line is being used as a payment platform. Therefore, by closing such lines Econet is putting the burden of proof upon the agent. Foreign currency exchange rates are reported to have tumbled amidst reports that few money changers are trading. More: Zim Price Check 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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