Zimbabwe Informational Site

THE Reserve Bank of Zimbabwe (RBZ) has introduced a five percent reward to whistle blowers who report individuals and businesses involved in cash hoarding, selling or engaging in illicit dealings.

In a statement, RBZ Governor Dr John Mangudya said information provided to the bank would be kept in confidence between the whistle blower and the bank.

“To promote and enforce compliance with best practice and anti-money laundering rules and regulations, the bank is pleased to advise that it has established dedicated hotline numbers for the public to report individuals and firms or traders that may be involved in cash hoarding, selling or abusing or externalising of cash, or any related misdemeanour,” he said. “A reward equivalent to five percent of the reported and recovered cash amount will be offered by the bank.”

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