Chinese Firm Violates Money Laundering Laws

The Reserve Bank of Zimbabwe (RBZ) has penalised a Chinese brick manufacturing firm, Silver Dragon, for violating Section 11 of the Bank Use Promotions Act which seeks to stem money laundering. Under the Act, the company was supposed to make disclosures or submit cash sales and deposits of each previous week business transactions. Introducing the … Continue reading Chinese Firm Violates Money Laundering Laws