Regulatory Alerts2002-01-01
Bank of Zambia Circular 19/2002: Notice of Stolen Foreign Currencies from Bank of Tanzania
The Bank of Zambia issued Circular 19/2002 to alert commercial banks about stolen US dollars and travelers cheques following an armed robbery at CRDB Bank in Tanzania on November 15, 2002. The notice provides specific serial numbers for the compromised instruments, instructing financial institutions to exercise extreme caution when processing foreign exchange transactions. Banks are mandated to immediately report any presentation of the listed stolen currency to the Zambia Police and the Bank of Zambia for appropriate action.
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