n Institute for Security Studies Monographs - Money laundering experiences




Extracted from text ... 1 Challenges of combating money laundering in bureaux de change Introduction 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 ..


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