SARB took on 27 scams in 2016 - report

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Johannesburg – The South African Reserve Bank (SARB) investigated 27 money scams in 2016 and resolved 63 investigations from previous years.

This is according to the Bank Supervision Department (BSD) Annual Report for 2016, released on Friday.

The BSD looked into 19 schemes carried over from previous years as well as eight new schemes, the report explained. A total of 21 schemes were still being investigated by December 31 2016.

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