News
Market
Jobs
About
Contact
List Product
Register
Login
Generate
WhatsApp Message
*Most Mobile Money Agent Lines Being Used For Illicit Deals - RBZ* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ka The Reserve Bank of Zimbabwe’s Financial Intelligence Unit has accused most mobile money agents of fueling the foreign currency exchange rate volatility, The Chronicle reports. The matter came to light in a public notice published by the FIU explaining that the ban on some agent lines was just not an outright ban but a warranted ban. Said the FIU in the notice: ---------- *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* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- > FIU analysis shows that the majority of agent accounts are no longer being used for the purpose for which they were originally intended, such as cash-in, cash-out, sending money, airtime vending and facilitating payment of utility bills by clients. > The FIU further established that the KYC information, which EcoCash has in respect of most of the agents is inadequate, inaccurate and out of date hence the need for a wholesale update to ensure that only bona fide entities are allowed to continue using the platform. Econet has taken the RBZ to court for blocking some of their agents’ lines but the bank is adamant that Ecocash must know its customers and continuously monitor their transactions so that they know if they are conducting illegal activities using their lines or not. More: The Chronicle _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