‘Financial crimes on the increase’

Financial Intelligence Unit director general Oliver Chiperesa

TREASURY says financial crimes, such as fraud, smuggling, tax evasion, illicit deals in precious stones, metals, and drugs, are on the increase, disenfranchising public coffers of much-needed revenue. This comes as the latest data from the Financial Intelligence Unit shows that Zimbabwe lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019…

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