ZIMBABWE’S ANTI-MONEY LAUNDERING REGIME ROBUST BUT INEFFECTIVE – FIU DIRECTOR ADMITS A YEAR AFTER GOLD MAFIA EXPOSE’
April 19th, 2024
As the country reels from an alleged gold smuggling scandal, Zimbabwe’s AML/CFT performance has shown how technical compliance with FATF rules is not enough, its Financial Intelligence Unit (FIU) director general has told MLB: “It is one thing to have a compliant legal framework and it is another thing to make sure the regime is being used effectively to fight money laundering,” Oliver Chiperesa told MLB.
“I will be the first to admit that we are not being effective in the use of the available laws and the institutional framework to combat money ...
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.