In a transfer geared toward stopping the freefall of the Zimbabwean greenback towards different currencies, the Reserve Financial institution of Zimbabwe has introduced new measures to observe social media the place international foreign money sellers promote their parallel buying and selling charges.
The Reserve Financial institution of Zimbabwe (RBZ) Monetary Intelligence Unit yesterday warned that it is going to be taking stern motion towards foreign exchange merchants, asserting that it’s now unlawful to be in WhatsApp teams the place folks promote to purchase and promote international foreign money.
With out revealing how the FIU intends to implement this new measure, the RBZ stated it is going to be spying on WhatsApp teams and barring numbers used by means of service suppliers.
RBZ stated it’s going to additionally take motion, by means of the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) and cell phone operators, towards individuals who run WhatsApp teams in addition to anybody passively collaborating in these teams.
FIU stated it’s going to work ‘in collaboration with the police, banks, cellular cash / cell phone service suppliers and related regulatory companies’, on this newest measure to cease the free fall of the Zimbabwe Greenback, focusing on unlawful international foreign money sellers.
Under is the RBZ assertion in full…
ACTION AGAINST ILLEGAL FOREIGN CURRENCY TRADING ADVERTS
The Monetary Intelligence Unit (FIU) has been monitoring social media platforms the place international foreign money sellers have been promoting and selling their unlawful commerce. The FIU is conscious of WhatsApp teams which have mushroomed within the nation for the precise goal of selling and facilitating unlawful international foreign money commerce.
The FIU, in collaboration with the police, banks, cellular cash / cell phone service suppliers and related regulatory companies, has launched into an train to determine and take motion towards people who create, promote on or take part (actively or passively) in WhatsApp teams or different platforms for unlawful international foreign money buying and selling.
The FIU and related establishments will take the next fast actions:
The cell phone numbers used to affix or promote on the unlawful teams will probably be shared with cell phone operators and POTRAZ for barring;
Different cell phone numbers registered within the names of such individuals may also be recognized and barred;
Any cellular cash wallets registered within the names of such individuals will probably be frozen and the individuals barred from accessing cellular cash providers with any operator;
Financial institution accounts owned by an individual so recognized will probably be frozen and the individual will probably be blacklisted and barred from accessing banking providers with any financial institution; and
Recognized individuals will probably be investigated and prosecuted for illegally buying and selling in or promoting unlawful buying and selling in international foreign money.
Members of the general public are requested to report back to the FIU any individual, cell phone quantity or checking account that proceed for use to have interaction in or promote unlawful international foreign money actions, utilizing the next contact particulars:
FIU cellular and WhatsApp quantity: 0714039897
Monetary Intelligence Unit
15 June 2020
— to allafrica.com