{"id":29443,"date":"2022-08-19T19:55:49","date_gmt":"2022-08-19T19:55:49","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam"},"modified":"2022-08-19T20:43:37","modified_gmt":"2022-08-19T20:43:37","slug":"malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam","title":{"rendered":"Malawi Central Bank, FIA dared to suspend Victoria Forex Bureau over money laundering scam"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>The country\u2019s civil rights group under the banner Forum for National Development (FND) has written Reserve Bank of Malawi (RBM) and Financial Intelligence Agency (FIA) for swiftly suspend Victoria Forex Bureau\u2019s operation over forex externalization and money laundering<\/p>\n<p>The call comes barely days after the forex bureau was exposed into dubious money transfers while operating as backstreet bank for years now. After the exposure Victoria Forex Bureau went to court to stop any media house publishing the content of report for fear of shame.<\/p>\n<p>But in a letter The Maravi Post has seen to RBM and FIA, FDN is demanding suspension of the forex bureau for reaping Malawians. FDN National Coordinator Fryson Chodzi warned the central bank and FIA that if will not act swiftly in seven days, his grouping is to mobilize Malawians against financial fraud the bureau has been exposed.<\/p>\n<p>\u201cThe allegations raised serious and that claims that the Bureau is part of a Malawi\u2019s Backstreet Bankers. It states that this is an underground syndicate of money laundering and related financial crimes.<\/p>\n<p>\u201cThe said allegations are very serious we demand that Reserve Bank of Malawi as a regulator must get to the bottom of this. We demand that the operations of Victoria Forex Bureau must immediately be suspended pending investigations into the allegations,\u201d reads part of the letter to RBM and FIA<\/p>\n<p>The letter adds, \u201cBy copy of this letter, the Financial Intelligence Authority (FIA) is demanded to act based on their mandate on the owners of the stated Bureau and also the people mentioned in the report. It\u2019s sad.<\/p>\n<p>\u201cWe are saddened with by and the FIA is feigning ignorance when Section 4 of Financial Crimes Act gives power for the authority to conduct research into trends, techniques and development in area of financial crimes, including money laundering, tracing proceeds of crime and terrorist financing in order to improve the detection, prevention and deterrence of money laundering and terrorist financing\u201d.<\/p>\n<p>Warns Chodzi, \u201cShould the RBM as a regulator fail to suspend the operation of Victoria Forex Bureau in the next 7 days, we will have no choice but to institute citizen action against both the RBM, FIA and the Victoria Forex Bureau\u201d.<\/p>\n<p>According to the report Victoria Forex Bureau has been swindling Malawi\u2019s hard earned money through forex externalization without paying taxes over huge billions of dollars among Indians of Malawian origin businesspersons in UK, Dubai, India and overseas countries<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. The country\u2019s civil rights group under the banner Forum for National Development (FND) has written Reserve Bank of Malawi (RBM) and Financial Intelligence Agency (FIA) for swiftly suspend Victoria Forex Bureau\u2019s operation over forex externalization and money laundering The call comes barely days after the forex bureau was exposed into dubious money [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":29442,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,8,12],"tags":[233,371,234],"class_list":["post-29443","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Malawi Central Bank, FIA dared to suspend Victoria Forex Bureau over money laundering scam - Malawi<\/title>\n<meta name=\"description\" content=\"The country\u2019s civil rights group under the banner Forum for National Development (FND) has written Reserve Bank of Malaw ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Malawi Central Bank, FIA dared to suspend Victoria Forex Bureau over money laundering scam\" \/>\n<meta property=\"og:description\" content=\"The country\u2019s civil rights group under the banner Forum for National Development (FND) has written Reserve Bank of Malaw ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-19T19:55:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-19T20:43:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_2-62fff5ddde705.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"525\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Malawi Central Bank, FIA dared to suspend Victoria Forex Bureau over money laundering scam\",\"datePublished\":\"2022-08-19T19:55:49+00:00\",\"dateModified\":\"2022-08-19T20:43:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam\"},\"wordCount\":432,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/08\/postQueueImg_2-62fff5ddde705.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/malawi-central-bank-fia-dared-to-suspend-victoria-forex-bureau-over-money-laundering-scam\",\"name\":\"Malawi Central Bank, FIA dared to suspend Victoria Forex Bureau over money laundering scam - 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