Large and Unusual Cash Deposits

 Large and Unusual Cash Deposits

Cash related transactions, which amounted to ZMW 347 million, accounted for 48% of the STRs that were reported in 2016.

One of the patterns observed involved large amounts of cash being deposited in business accounts. These would then be followed by wire transfers to individuals and corporations outside the country.

Most beneficiaries were in the Middle East, Asia and a named Southern African Country.

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The Independent Observer

https://tiozambia.com

John Sakala is a Journalist yearning for independent journalism

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