FIU Targets Four Businesses Suspected Of Money Laundering
The Financial Intelligence Unit (FIU) has directed financial institutions to immediately report any attempted withdrawals or transfers of funds by four business entities unless with the specific approval of the FIU.
The four firms have been identified as Geribrian T/A Transervet, Powerspeed Investments PVT LTD T/A Electrosales, Halsted Brothers PVT LTD and Enbee Store.
In a memorandum to all banks, FIU Director-General, Tichafa Chigaba, said they have noted unusual activity by the named business entities. Added Chigaba:
As we carry out further investigations on possible money laundering relating to the funds, you are directed to freeze the account with immediate effect and you shall not process any withdrawals or transfers from the accounts, unless with the specific approval of the Unit. You should, however, allow deposits or other flows into the account.
You shall immediately report to the Unit any deposit or other inflow into the account as well as any attempted withdrawal or transfer from the account.
Please acknowledge receipt of this directive in writing, confirming that you have frozen the account and confirming the account balance as at the date of freezing.
