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Ecoash blocks more agents

EcoCash

Ecoash blocks more agent. Zim Price Check reports that Cassava Smartech, Ecocash’s parent company has also instructed Agents with active lines to visit the company’s offices to update their operating locations. Ecocash has reportedly blocked more Agent lines as the fight against money laundering in the country continues.

Cassava is said to have sent the following message:

Dear Agent, you are advised to operate within your designated &registered address. Visit your nearest Cassava Smartech Office by 25/10/19 to update your details. Agent lines suspended earlier are reported to have been blocked now. Another message Cassava sent read:

Good day team. Please note all the other lines that were owned by the agents who were barred in September have been blocked as well pending finalization of the investigations by RBZ. The lines were barred today 21 October 2019 under the reference “Under investigation. Ref EcoCash Compliance. Will await RBZ to complete investigations and call them once we have received feedback from RBZ.

On behalf of the compliance team. Ecocash, the largest mobile phone-based money transfer, financing and microfinancing service in Zimbabwe previously blocked over 4000 Agent lines which were presumed to be engaging in or promoting money laundering.

The Reserve Bank of Zimbabwe had issued a directive ordering it to rein in its Agents.

Source – Pindula News

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