Money Changer Fined US$200 For Illegal Forex Dealing
A 42-year-old man from Bulawayo has been fined US$200 or six months in prison after he was caught trading foreign currency illegally during a police crackdown on illicit financial activity in the city.
Black News 
Dancken Mwinde, of Entumbane suburb, pleaded guilty to contravening the Exchange Control Regulations Act when he appeared before Western Commonage magistrate Jeconia Prince Ncube. He has until 5 June to pay the fine.
Prosecutor Tafara Dzimbanhete told the court that on 27 April, at around 2 pm, detectives conducting an operation codenamed “Iron Net” at Entumbane Shopping Complex saw Mwinde carrying out suspected illegal forex transactions.
Officers approached him and found a POSB point-of-sale machine, POS slips, a Samsung Galaxy phone, US$78 and R643 in cash.
The court heard that Mwinde had been using the POS machine and his mobile phone to exchange US dollars for ZiG on behalf of clients without the necessary authorisation.
When questioned, he could not produce a valid licence permitting him to deal in foreign currency and was arrested on the spot.
