By BUUMBA CHIMBULUTHE Bankers Association of Zambia (BAZ) has warned the public to avoid large cash withdrawals or fall victim to Smash and Grab and Mobile Banking attacks, a trend which has increased in the country.It is concerning that with developments in the banking sector, some customers still opt to draw high values over counters, get trailed, leave funds in vehicles, and get robbed, says BAZ Fraud Prevention Committee Member, Paul Luo.Mr Luo expressed concern that in some cases, drawers left parcels in conspicuous places in their vehicles while attending to other pressing matters away from the vehicles.He emphasised that the remedies were simply that drawers must consider using other payment options that were safer and quicker.“These are parcels known to contain cash because the intending robbers saw the drawer drawing substantial amounts a short while prior, or in the case of deposits, other employees from the point of dispatch are aware of the value […]
AVOID LARGE CASH WITHDRAWALS – BANKERS
