 A graduate of Wake Forest University and the Emory University School of Law, Rebecca Gaskin Gain spent four years as a principal of Nexant Inc. in Washington, DC. In 2020 Rebecca Gaskin Gain joined CBZ Holdings, a financial institution serving businesses and individuals in Zimbabwe, as an independent non-executive director.
In August 2020, the US Treasury Department cleared Zimbabwe’s largest lender of a $385 million penalty that had been assessed for processing transactions for a sanctioned local lender. The pardon required a thorough review of more than 15,000 transactions made by CBZ Holdings on behalf of ZB Bank over a five-year period. According to the US Treasury Department, the review did not justify sanctions or a penalty, which means CBZ can proceed in its international business development. CBZ Holdings is led by chairman Marc Holtzman, who has more than three decades of executive experience with financial firms such as Barclays and ABN Amro Bank. Mr. Holtzman expressed satisfaction with the announcement, stating that he looks forward to developing correspondent relationships with lenders in the Western world.
0 Comments
 Holding a juris doctor from Emory University School of Law, Rebecca Gaskin Gain serves as an independent non-executive director on the board of directors of CBZ Holdings, Zimbabwe's largest financial institution. Among her responsibilities as a board member, Rebecca Gaskin Gain helps CBZ Holdings fulfill its goals as an investment banking and corporate finance institution.
CBZ Holdings was recently cleared of charges brought against it by the U.S. Treasury Department. The U.S. Treasury Department had sought to levy a $385 million penalty against CBZ Holdings for allegedly having done business with a local financial services provider that was under U.S. sanctions. The Office of Foreign Assets Control of the U.S. Treasury Department sent a letter to CBZ Holdings stating the company would face neither sanctions nor a penalty. In reversing its decision, it had reviewed over 15,000 transactions that CBZ Holdings had completed for ZB Bank from 2009 to 2014. In response to the news, Marc Holtzman, the bank chairman of CBZ Holdings, said the lender would now be able to continue to develop its international business. |
AuthorInternational Finance and Energy Consultant, Rebecca Gaskin Gain, J.D. Archives
April 2025
Categories
All
|
RSS Feed
