Cabinet Moves to Plug Financial Leakages Mangudhla, T. Capital Flight The article reveals measures instituted by the government of Zimbabwe to curtail financial leakages though banks and other financial institutions. The complexities of the word of illicit financial flows will however not deter the Zimbabwean Government as it emerged Cabinet last month directed government officials to take corruption, illicit financial flows and underground foreign exchange dealings head on as part of stern efforts to deal with the current liquidity and cash crisis. Being conduits for most financial transactions, governments closely watch banks and bank executives who are normally used as mules in illicit financial flows. This comes after reports that Zimbabwe’s foreign currency shortages are worsening over massive capital flight amid indications corporates and business tycoons have externalised $3 billion between 2015 and June 2017 mainly to Botswana, Mauritius and the Far East, a development currently under intense investigation. Zimbabwe The Herald 2017 2017 Text 3p. iffoadatabase.trustafrica.org/iff/Cabinet moves to plug financial leakages _ The Herald.pdf