THE Reserve Bank of Zimbabwe (RBZ) Financial Intelligence Unit (FIU) has upped the game in enforcing disciplinary measures after ordering the freezing of four company accounts.
The latest measures were prompted by detecting money laundering activities, a new vice which has immensely contributed towards derailing economic stabilisation efforts’.
The affected entities include; Transerve, Powerspeed Investments, Electrosales, Halsted Brothers Ltd and Enbee Store.
The central bank’s Financial Intelligence Unit said investigations were still being undertaken on the matter.
“As we carry out further investigations on possible money laundering relating to the funds you are directed to freeze the account with immediate effect and you shall not process any withdrawals or transfers from the accounts, unless with the specific approval of the unit,” said the unit.
FIU however allowed deposits and other flows into the account but ordered corresponding banks to immediately report to the unit any deposit and other inflows into the account as well as any attempted withdrawal or transfer from the account.
“Please acknowledge receipt of this directive in writing confirming that you have frozen the account and confirming the account balance as at the date of freezing,” said the FIU.
Last week a Chinese restaurant, Shangri-La was slapped with a US$30 000 fine for pegging prices way ahead of the official exchange rates.