News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*U.S. Worried About Ability To Trace Money Laundering Due to Currency Swaps Between Africa And China* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?oy Marshall Billingslea, the U.S. Treasury Department’s assistant secretary for terrorist financing, has said that the U.S. is concerned that it may find it harder to trace and prevent money laundering due to increased currency swap agreements between China and Africa. Responding to a question during a congressional hearing, Billingslea said, > You are very much onto something of great concern to us as well. That said, there remains a great desire among most of the countries in Africa to maintain correspondent banking relationships with U.S. banks…our best line of defence to ensure we maintain not just a degree of transparency and visibility into the transactions in Africa but … further to ensure that anti-money laundering standards are being applied. Zimbabwe has indicated a willingness for all transactions between Zimbabwe and China to be settled using China’s currency the Yuan. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- More: Reuters _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
Copy to clipboard
Give us Feedback
Full Name
WhatsApp Number
Feedback
Submit
Feedback