Amanda E. N Jojo

The Reserve Bank of Zimbabwe (RBZ) has blacklisted 47 individuals for advertising and facilitating illegal foreign exchange transactions and money laundering activities through social media.

This comes after the bank collaborated with key stakeholders last week in barring 30 individuals for the same reasons.

“The Bank wishes to express its appreciation to members of the public who are coming forward with information that is helping the Financial Intelligence Unit (FIU) to identify and take action against more culprit,” RBZ Governor Dr John Mangudya said in a statement.

The bank is pulling is pulling all the stops to prevent the reviving of illegal foreign currency trading by freezing the bank accounts belonging to the accused.