• About
  • Advertise
  • Privacy & Policy
  • Contact
Tue, Jan 19, 2021
Zim Trending
  • Home
  • Top Stories
  • Breaking NewsHot
  • Entertainment
  • Business
  • Education
  • JobsLatest
  • Scholarships
  • Crime
  • Celebs
No Result
View All Result
  • Home
  • Top Stories
  • Breaking NewsHot
  • Entertainment
  • Business
  • Education
  • JobsLatest
  • Scholarships
  • Crime
  • Celebs
No Result
View All Result
Zim Trending
No Result
View All Result
learn forex trading learn forex trading learn forex trading

RBZ Joins Forces With ZRP & POTRAZ To Arrest Forex Dealers Advertising Illegal Foreign Currency Trading On WhatsApp & Online Platforms

Staff Reporter by Staff Reporter
16/06/2020
in Top Stories
Reading Time: 2min read
0
Bank and black market rates
674
VIEWS
Share On WhatsAppShare on FacebookShare on TwitterShare On LinkedIn

The RBZ Financial Intelligence Unit has joined forces with police and mobile phone regulator Potraz to track and arrest forex dealers advertising illegal foreign currency trading on Whatsapp and social media platforms.

The FIU released the following statement

ACTION AGAINST ILLEGAL FOREIGN CURRENCY TRADING ADVERTS

1. The Financial Intelligence Unit (FIU) has been monitoring social media platforms where foreign currency dealers have been advertising and promoting their illegal trade.

The FIU is aware of WhatsApp groups that have mushroomed in the country for the spoofs purpose of promoting and facilitating illegal foreign currency trade.

2. The FIU, in collaboration with the police, banks, mobile money / mobile phone service providers and relevant regulatory agencies, has embarked on an exercise to identify and take action against individuals who create, advertise on or participate (actively or passively) in WhatsApp groups or other platforms for illegal foreign currency trading.

3. The FIU and relevant institutions will take the following immediate actions:

• The mobile phone numbers used to join or advertise on the illegal groups will be shared with mobile phone operators and POTRAZ for barring;

• Other mobile phone numbers registered in the names of such persons will also be identified and barred;

• Any mobile money wallets registered in the names of such persons will be frozen and the persons barred from accessing mobile money services with any operator;

• Bank accounts owned by a person so identified will be frozen and the person will be blacklisted and barred from accessing banking servicos with any bank; and

• Identified persons will be investigated and prosecuted for illegally trading in or advertising illegal trading in foreign currency.

4. Members of the public are requested to report to the FIU any person, mobile phone number or bank account that continue to be used to engage in or advertise illegal foreign currency activities, using the following contact details:

FIU mobile and WhatsApp number: 0714039897
Financial Intelligence Unit 15 June 2020

RelatedPosts

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

02/01/2021
1.1k
synthetic Indices

How To Trade Synthetic Indices: A Comprehensive Guide For 2021

01/01/2021
1.9k
zesa

You Can Now Buy Zesa Using Foreign Currency

22/12/2020
749
Machete Gangs Now Targeting Female Students

2 Mashurugwi Jailed For Ten Years

17/12/2020
319
SendShareTweetShare
Staff Reporter

Staff Reporter

Media Intern at Tay Consultancy: Specialising in Content editing and Digital Marketing.

Related Posts

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate
Coronavirus

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

by Editorial Team
02/01/2021
0
1.1k

The Zimbabwe Republic Police Has Arrested 200 teenagers who were having a party in Westgate for violating the Government's COVID-19 regulations....

Read more
synthetic Indices

How To Trade Synthetic Indices: A Comprehensive Guide For 2021

01/01/2021
1.9k
zesa

You Can Now Buy Zesa Using Foreign Currency

22/12/2020
749
Machete Gangs Now Targeting Female Students

2 Mashurugwi Jailed For Ten Years

17/12/2020
319
You Can Now Pay For Zinara Using US$ & Prepaid Vouchers

You Can Now Pay For Zinara Using US$ & Prepaid Vouchers

11/12/2020
740
Paul Pogba

‘Real Madrid & Juventus Cant Afford Pogba’, Man United

11/12/2020
296

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020)

List of Top 100 Best ‘O’ Level Schools In Zimbabwe (2020)

18/01/2021
Emap System in Zimbabwe

How To Apply For 2021 Form 1 Boarding Places On eMAP

08/01/2021
Provisional Driving Licence Test Possible Questions & Answers

Provisional Driving Licence Test Possible Questions & Answers pdf

06/12/2020
Indian sweets for bedroom use

Indian Bedroom Sweets & Love Portions Floods Harare

13/11/2020
Four Teachers Suspended After Writing Exams For Their Girlfriends.

Just In: Zimsec O’Level 2019 Results Out

6
How To See Zimsec Results Online

How To See Zimsec O Level November 2019 Results Online

4
2020 Zimbabwe Universities Application Forms (Download Now)

2020 Zimbabwe Universities Application Forms (Download Now)

3
Four Teachers Suspended After Writing Exams For Their Girlfriends.

‘O’ Level ZIMSEC Results Now Accessible Online

3
Ignore Lockdown Reports: Mangwana

Lockdown Update:Local Businesses Put On Hold For 30days

02/01/2021
Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

02/01/2021
synthetic Indices

How To Trade Synthetic Indices: A Comprehensive Guide For 2021

01/01/2021
zesa

You Can Now Buy Zesa Using Foreign Currency

22/12/2020

Recent News

Ignore Lockdown Reports: Mangwana

Lockdown Update:Local Businesses Put On Hold For 30days

02/01/2021
734
Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

Breaking News: Police Arrest 200 Teenagers At A Party In Westgate

02/01/2021
1.1k
synthetic Indices

How To Trade Synthetic Indices: A Comprehensive Guide For 2021

01/01/2021
1.9k
zesa

You Can Now Buy Zesa Using Foreign Currency

22/12/2020
749

ZimTrending

For all the trending news for Zimbabweans at home and abroad

Follow Us

Search this site

No Result
View All Result

Partner Websites

www.taydigital.net
www.openclass.co.zw
www.mrtaylor.me

  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital.

No Result
View All Result
  • Home
  • Top Stories
  • Breaking News
  • Entertainment
  • Business
  • Education
  • Jobs
  • Scholarships
  • Crime
  • Celebs

© 2021 Zim Trending If its Trending You WIll Find It Here - Website Developed & Maintained By Tay DIgital.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.