RegAlertRule · BOZ · 6 Nov 2019
Bank of Zambia Circular No. 11/2019: Request for Civil Servant Account Details
The Bank of Zambia requires all commercial banks to submit account numbers and names for civil servants receiving government salaries through their institutions. This request addresses concerns regarding suspected fraudulent and money laundering activities within the Government payroll system. Banks must email electronic copies of the requested data to designated officials by November 8, 2019.
BANK of ZAMBIA
OFFICE OF THE DEPUTY GOVERNOR - OPERATIONS
BOZ/EXEC/DGO/banksup/bp
November 6, 2019
CB Circular No. : 11/2019
To : All Heads of Commercial Banks
REQUEST FOR ACCOUNT DETAILS FOR CIVIL SERVANTS RECEIVING SALARIES THROUGH YOUR INSTITUTIONS
Reference is made to the above matter.
It has been brought to the attention of the Bank of Zambia by the Government of the Republic of Zambia that the financial system may be used by some civil servants for suspected fraudulent and money laundering activities using the Government payroll system.
In this regard, the Bank of Zambia is requesting for account numbers and names for all civil servants that receive salaries from the Government through your banks. Electronic copies of this information should be emailed to cnkabalika@boz.zm and rkasonde@boz.zm by Friday November 8, 2019. Should you require any further clarification, please do not hesitate to contact the office of the Director – Bank Supervision.
Francis Chipimo (PhD)
DEPUTY GOVERNOR – OPERATIONS
cc Governor
Director – Bank Supervision
Bank Square, Cairo Road, P.O. Box 30080, Lusaka, Zambia Tel:+260-211-399303, 399300, E-mail: dgo@boz.zm. Web: http://www.boz.zm
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