{"id":64444,"date":"2022-08-15T18:38:15","date_gmt":"2022-08-15T16:38:15","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/5-out-of-16-zim-banks-passed-the-integrity-test-ed"},"modified":"2022-08-15T20:55:21","modified_gmt":"2022-08-15T18:55:21","slug":"5-out-of-16-zim-banks-passed-the-integrity-test-ed","status":"publish","type":"post","link":"https:\/\/www.africa-press.cc\/zimbabwe\/all-news\/5-out-of-16-zim-banks-passed-the-integrity-test-ed","title":{"rendered":"5 Out Of 16 Zim Banks Passed The Integrity Test \u2013 ED"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>President Emmerson Mnangagwa said that most Zimbabweans banks are flouting the country\u2019s laws in their operations.<\/p>\n<p>Writing in his column in The Sunday Mail, Mnangagwa said only 5 out of 16 deposit-taking institutions passed the integrity test. He said:<\/p>\n<p>Today, I can share with the nation that out of the 16 deposit-taking institutions we have in our economy, only five passed the integrity test, with the rest having been involved in activities that ran contrary to the terms of their operating licences. Punishments have since been meted out.<\/p>\n<p>Let no one ever think that my administration will flinch from, or hesitate to take corrective action, however drastic.<\/p>\n<p>In addition, the size of offenders means nothing to us; we will come for you once you dabble in the unlawful and unethical.<\/p>\n<p>No one player is stronger than the government; or above punishment.<\/p>\n<p>President Mnangagwa said the \u201cgreedy and devious economic actors\u201d attacked the country\u2019s mobile banking platforms before moving to the financial sector but the government is keeping an eye on them. He said:<\/p>\n<p>The fight against economic destabilisation began with a determined crackdown on errant actors in the mobile telecommunications industry.<\/p>\n<p>Actors in this sector had taken advantage of clear legal lacunae, and of our desire to use mobile platforms for financial inclusivity, to cause mayhem in financial markets.<\/p>\n<p>We acted against them. We continue to watch them so their actions and conduct remain proper and lawful.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/zimbabwe\">Zimbabwe<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. President Emmerson Mnangagwa said that most Zimbabweans banks are flouting the country\u2019s laws in their operations. Writing in his column in The Sunday Mail, Mnangagwa said only 5 out of 16 deposit-taking institutions passed the integrity test. He said: Today, I can share with the nation that out of the 16 deposit-taking [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":64443,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,35,12,15],"tags":[1493,2189,7287,9742,11335,19],"class_list":{"0":"post-64444","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-all-news","8":"category-homepage-english","9":"category-policy","10":"category-twitter","11":"tag-africa-press","12":"tag-africa-press-zimbabwe-2","13":"tag-banks","14":"tag-economic-saboteurs","15":"tag-financial-institutions","16":"tag-zimbabwe"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Out Of 16 Zim Banks Passed The Integrity Test \u2013 ED - zimbabwe<\/title>\n<meta name=\"description\" content=\"President Emmerson Mnangagwa said that most Zimbabweans banks are flouting the country\u2019s laws in their operations. 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