Regulatory Alerts1998-01-01
Bank of Zambia Circular 7/1998: Armed Robberies on Banks and Bureau de Change
The Bank of Zambia mandates all commercial banks to reinforce security protocols and educate Bureau de Change clients following a recent surge in armed robberies targeting financial institutions. The circular requires immediate implementation of enhanced safety measures to minimize attacks and prevent further loss of life and capital. Banks are specifically instructed to warn clients against the dangers of storing large cash sums at both business premises and private residences.
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