“com save” and “UNO” and issued a statement about their illegal actions in trading money

“com save” and “UNO” and issued a statement about their illegal actions in trading money

 

"com save" and "UNO" and issued a statement about their illegal actions in trading money


Both Bank of Zambia and Drug Enforcement Commission says Investigations into Comsave depository financial institutions (Concave) and ONO Savings and Credit Association (OSCA) have revealed that their activities had a semblance of cash Circulation Schemes which are prohibited under the Banking and Financial Services Act.

In a joint statement by Bank of Zambia and Drug Enforcement Commission says members of the general public who may undertake financial transactions with either Comsave or OSCA, are going to be advised on when to submit evidence of their respective deposits within the accounts of the 2 entities.


“We do our utmost to make sure that interests of all stakeholders are protected, while the due process of law of the law takes its full course.” the statement reads partially.
FULL STATEMENT BELOW