News / National
Externalisation amnesty instils market discipline
29 Jun 2018 at 08:05hrs | Views
The amnesty granted to companies and individuals who illegally kept money abroad has resulted in high levels of compliance, two senior government officials have said.
In November last year, the government issued a three-month amnesty for the return of public funds it alleged to have been externalised by companies and individuals.
Early this year, the central bank announced more than 1 000 corporates and individuals it said violated the exchange control laws through illegal transfer of funds abroad.
In November last year, the government issued a three-month amnesty for the return of public funds it alleged to have been externalised by companies and individuals.
Early this year, the central bank announced more than 1 000 corporates and individuals it said violated the exchange control laws through illegal transfer of funds abroad.
Source - Business Weekly
