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Zimbabwe: Rationale for Knowing Your Customer

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[The Herald] One of the contentious issues in the banking sector is the need for potential bank clients to produce documentary evidence of where they stay or where they do their business. From a banks perspective this information is important as it allows the bank to understand whether the customer has a fixed place of residence or they are just mobile of no fixed abode.In a study undertaken by the Bankers Association of Zimbabwe and Zimbabwe Economic Policy Analysis and Research Unit in 2014, it was established that t ......

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