The Money Laundering and Proceeds of Crime Act [Chapter 9:24] establishes Zimbabwe's anti-money laundering and counter-terrorist financing framework, providing for the Financial Intelligence Unit, money laundering and terrorist financing offences, cross-border currency and asset disclosure obligations, national risk assessment mechanisms, and customer due diligence, record-keeping and suspicious transaction reporting obligations for financial institutions and designated non-financial businesses and professions. NANGO shares this legislation as a resource for member organisations, given the sector's obligations around financial transparency, donor fund handling and compliance with anti-money laundering and counter-terrorist financing requirements. Members are encouraged to review the Act, available in full below, and to seek professional legal or compliance advice where specific application to their organisation is unclear.
Money-Laundering-and-Proceeds-of-Crime-Act.pdf