Zimbabwe’s AML/CFT legal framework consists mainly of the following pieces of legislation:

Money Laundering and Proceeds of Crime Act [Chapter 9:24];

Bank Use Promotion Act [Chapter 24:24];

Suppression of Foreign and International Terrorism Act [Chapter 11:21];

Statutory Instrument 76 of 2014: Suppression of Foreign and International Terrorism (Application of UNSCR 1267 of 1999 and UNSCR 1373 of 2001) Regulations, 2014.

Statutory Instrument 56 of 2019: Suppression of Foreign and International Terrorism (Application of UNSCR 1540 (2004)1673, 1810, 1887, 1977 (On Non-State Actor Proliferation), 1695,1718, 1874 on Democratic People’s Republic of Korea and 1696,1737, 1747, 1803 and 1929, UNSCR 2094 (2013), 2231 (2015) UNSCR 2270 (2016), UNSCR 2321 (2016), UNSCR 2371 (2017), of UNSCR 2375 (2017) UNSCR 2397 (2017) and Successor UNSCRs) Regulations, 2019.

Other relevant pieces of legislation include:

The Criminal Law (Codification and Reform) Act [Chapter 9:23]

Criminal Matters (Mutual Legal Assistance) Act [Chapter 9:06]

Zimbabwe’s AML/CFT legal framework provides for the following, among other things:

Establishes the Financial Intelligence Unit and provides for its powers and functions;

Sets out the AML / CFT obligations of financial institutions and Designated Non- Financial Businesses and Professions (DNFBPs) and prescribes penalties for breach thereof;

Criminalizes money laundering and financing of terrorism;

Provides for the implementation of the United Nations Security Council Resolution 1267 of 1999 (and its successor resolutions) and UNSCR 1373 of 2001.