01342nam a2200133   4500100001800000245004700018260003200065300000800097520096700105650002001072856009601092942000701188999001301195  aMangudhla, T.  aCabinet Moves to Plug  Financial Leakages   aZimbabwebThe Herald c2017  a3p.  aThe 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.  aCapital Flight   uiffoadatabase.trustafrica.org/iff/Cabinet moves to plug financial leakages _ The Herald.pdf  cNA  c947d947