The article talks of plans by the central bank to monitor illicit transfers by banks which are contributing to IFFs.The Reserve Bank of Zimbabwe says it is monitoring suspected illicit transactions and some individual bank accounts which are being used for business operations in a calculated move to circumvent corporate scrutiny. The bank is monitoring that and have received a lot of reports on suspicious transactions that have been made in different banks. The bank said Zimbabwe being an open economy does not restrict trade and financial exchange controls are relaxed and therefore there should be no motivation for illicit transactions.
BALANCE OF PAYMENTS BANK BANKING SECRECY CAPITAL FLIGHT COUNTERFEITING FAKING TRANSACTIONS MONEY LAUNDERING TAX EVASION
