Mystery of the $1.1 Million: Reserve Bank Takes Charge of Seized Cash

The Reserve Bank of Malawi is now holding $1.1 million (about K1.9 billion) seized from two Tanzanian nationals, placing the central bank at the centre of a high-profile case that comes as Malawi battles a crippling foreign exchange shortage and mounting concerns over illicit financial flows. The cash was handed over to the Reserve Bank […]

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