FULL TEXT: RBZ Threatens “Appropriate Disciplinary Measures” Against CBZ Over Alleged Money Laundering

The Reserve Bank of Zimbabwe has in a statement this Thursday threatened to take appropriate disciplinary action against Central Bank of Zimbabwe Holdings (CBZ) over alleged money laundering.

The statement is issued following the circulation of a picture of a bin container full of bond coins on social media.

Earlier, the central bank also issued a similar statement on Ecobank which had also allowed a single customer to withdraw ZW$15 000.

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We present below RBZ’s statemenet on the current matter.

PICTURES OF BIN CONTAINER FULL OF BOND COINS CIRCULATING ON SOCIAL
MEDIA

Further to our earlier Press Statement regarding pictures of the 2 dollar banknotes circulating on social media, it has also come to the Bank’s attenbon that there is a picture of a black plastic bin container full of bond coins also circulating on social media.

We would the to advise the public that this case has been investigated by the Bank and it involves a CBZ Bank customer. Investigations by RBZ at CBZ indicated that an amount of ZW$44,180 was withdrawn by one of their customers. In this regard, CBZ Bank together with their customer are now assisting the Zimbabwe Republic Police with further investigations.

As advised in our earlier Press Statement, appropriate disciplinary measures shall be taken against those bent on damaging confidence by placing such pictures on social media platforms. Such behaviour causes unnecessary anxiety and despondency within the economy.

14 November 2019

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