RBZ Acquits Finance Access Of Money Laundering Allegations

The Reserve Bank of Zimbabwe has exonerated financial trader Access Finance (Access) of money laundering allegations.

Access Bank accounts had been frozen in September together with those of Sakunda and Croco Motors amid allegations that they were fueling, sponsoring and or participating in money laundering activities.

Following the RBZ’s move to freeze bank accounts, exchange markets rates on the parallel market which were moving at an unparalleled rate, suddenly fell before stabilising.

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The central bank revealed after investigations however that Access, which has emerged as one of the biggest dealers and embarked on a massive in-store rollout in partnership with Delta, Electrosales, Gain Cash & Carry and Zimnat Lion Insurance had not violated the law.

More: Daily News

 

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