ZIMBABWE OFF FATF’S GREY LIST – BUT SCEPTICS SAY ITS AML RECORD IS WOEFUL
August 30th, 2022
Zimbabwe was taken off FATF’s grey list in March, but serious issues still abound claim critics of the move - from corruption to large scale gold smuggling, while a controversial law on NGOs may be misused to go after political opponents, they argue.
The southern African country is facing chronic economic problems, even though the International Monetary Fund has (so far) been predicting economic growth of 3% for this year (2022). Annual inflation is running at 192% (as per July 2022). Also, the resurrected Zimbabwean dollar currency has lost 99.3% of its value ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.