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Wireless

EcoCash directors face central bank money laundering charges over cash agent forex suspicions

Tuesday 26 May 2020 | 11:18 CET | News
Directors of Zimbabwean mobile money platform EcoCash are facing central bank charges for failing to disconnect agent lines suspected of fuelling parallel forex market dealings, ITWeb Africa reported. In a communication to EcoCash dated 19 May, the Reserve Bank of Zimbabwe (RBZ) Financial Intelligence Unit (FIU) warned that it intends to penalise EcoCash as a company, and CEO Natalie Jabangwe as well as director Eddie Chibi, citing the Money Laundering and Proceeds of Crime Act.

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Categories: Mobile & Wireless
Companies: Econet Wireless
Countries: Zimbabwe
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