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Police, FIU In Fresh Blitz Against Money Changers

8 months agoFri, 26 Jul 2024 05:35:06 GMT

Police, FIU In Fresh Blitz Against Money Changers

The Zimbabwe Republic Police (ZRP) and the Reserve Bank of Zimbabwe’s Financial Intelligence Unit (FIU) have launched a renewed crackdown against illegal currency traders across the country.

According to The Herald, the joint operation has resulted in the arrest of numerous money changers this week. Most of the apprehended individuals are currently being interrogated and vetted, pending their court appearances.

ZRP spokesperson Commissioner Paul Nyathi confirmed the arrests, saying individuals and businesses should only engage in lawful financial transactions. He said:

This is an ongoing joint operation being conducted by police and the RBZ’s Financial Intelligence Unit. People should engage in lawful transactions and we are targeting those who are illegally trading in foreign currency and businesspeople transacting using exchange rates which are above the official rate.
We also have some supermarkets, pharmacies and small businesses which are also using exorbitant rates when transacting.
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Certainly, action will be taken against all those involved in such activities or anyone using social media to illegally trade in foreign currency.

Police appealed for the public to report illegal money changers to the National Complaints Desk on telephone number (0242) 703631 or WhatsApp number 0712 800 197.

Under the initial phase of the crackdown operation, the authorities had arrested 224 illegal money changers by May, while the Financial Intelligence Unit (FIU) had also frozen 90 bank accounts.

Furthermore, the FIU imposed fines on more than 40 individuals found to be in violation of the Exchange Control Act.

Building on these efforts, on Wednesday, Finance, Economic Development and Investment Promotion Minister Mthuli Ncube announced that the government had blacklisted 51 contractors for unlawfully diverting payments they had received for supplying goods and services to the illegal foreign currency parallel market.

More: Pindula News

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25 Comments

Anonymous · 8 months ago

Vapei nguva kwete kungo pikisa.

Corruptmore Looto · 8 months ago

45 years dzakawandisa

K · 8 months ago

It's all about the confidence, look what happened in 2009 up to 2013 the US dollar suddenly was awash all over the country but as soon as Zanu got the reins once again people retook their money and shortages started to be normal again. So the bottom line is a Zanu government will never be able to turn around the economy because the urbanites who hold the country's wealth don't want them, so only a new government with zero links to Zanu will get us out of this economic rut

· 8 months ago

✅✅✅

J · 8 months ago

You can rig the elections but the economy has always and will continue exposing your incompetence

🥴Attested development · 8 months ago

Panogadzirwa mari anenge pained a lot of involvement, materially, technically, also ne human interface, so kana yaburwa we expect it acceptable as a finished product, tichi shandisawo ma feelings over it how it came through into a being, Unganzwewo sei kana wasonisa uniform yemwana yechikoro zvose zvose wazvi tevedza zvokuti mwana akapfeka Toppers Esats kana Enbee your design label would trail the same and or even better that from shops, wonzva kuti that's trash, you ask how they tell you simple, trash. How does that make you feel, sewe sedungamunhu,. Ini hangu I will visit the school authority ndino venter my anger if not anxiety to the school authorities cause mwana haazofundi zvakanaka under such alienation, Thats jus what is happening to our ZiG currency, kutenga inotenga zvekuti confidence yeyi isu vanhu tirisu tiriku konzeresa ne ma agenda eku create confusion bedzi Where we should simply and quietly accept, it use it, own it, embrace it, kusina nyonganyonga yatiri kuwawata kudaro, All things automatically would befall to its rightful place and kupokana nazvo kunotoratidza our mental state, kuti how could we change currencies almost infinite now and this kills employment, industries, etc,. Everyone is in the streets vaine zviredzwa zvavo in a small pond with little fewer fish

· 8 months ago

Kana zig richikuitira shandisa iwewe nevana vako isu tichashandisa yatinoda inotiitira

J · 8 months ago

Ndezvako izvo, ZiG marara iro enda unotengesa Mota kana imba neZiG kana uchirida but usatinyaudze

Babazvangu · 8 months ago

rate

Babazvangu · 8 months ago

Ngavatigadzirisire pakanzi zipit apo marathon achoo maone

Chibaba · 8 months ago

Command economy haife yakashanda full stop.

Anonymous · 8 months ago

Was Neville interrogated?

Povo... · 8 months ago

Povo is not s,t,u,p,i,d

Povo... · 8 months ago

So Povo should report to the police if I find someone who wants to give me 20 zig per $1 . so that l pay my child's school fees balance so that he can be allowed to write his end of term exams ? The balance is $45 . the school wants 610zig or $45. but the guy says I can give him only $31 and he'll give me his card to swipe 610zig. 14 dhora ndotengawo hupfu bhagidhi 9 nekugayisa . Shuwa shuwa Moti ndiudze mapurisa. who is on my side apa ? police or money changer.. Povo is not **** .handingazvibire ndega .mototibira imimi ikoko naChivhayo wenyu naChigumba nemukuru.

Izvozvo Tazvihwa Asi Tirikuti · 8 months ago

Protecting the ZiG by the gun. Thats Command currency, 🤔🤔🤔

Zim-Sketch · 8 months ago

the currency is being overprotected

theLastAntKing · 8 months ago

Overprotecting & for what. Let the economy chase away money changers like what happened in 2009. If they can get meaningful paying who wants to spend whole day selling money

🧐 · 8 months ago

Saka vanhu vanoti Kupara mhosva vachiziva zvavo, I think the Chinese and Arab world are good to eliminate vanhu vakadero mu society, shuwa by now uchirikuda ku conductor business clandestine ly ne kumira kwaka ita nyika and the whole world is at turmoil, in SA, some Landlords fought with the police against crackdown on foreigners, saying how where they going to erk a living as much of the ir income comes from rentals and most these are foreigners ma Zimbabweans in particular