Extracted from text ... 1 Challenges of combating money laundering in bureaux de change
This paper presents an insight into the challenges that still exist in combating
money laundering in bureaux de change despite the legal and institutional
framework for the detection and prevention of money laundering. The paper
also makes recommendations for addressing the identified challenges.
Bureaux de change are the fastest growing sector in the Zambian financial
services industry in terms of the numbers of institutions that have sprouted over
the last 10 years. As at 31 August 2005, the Bank of Zambia (BoZ), the nation's
central bank, had licensed 32 ..