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RBZ reveals strategy towards shift to mono-currency
Zimbabwe's central bank is stepping up efforts to build up foreign currency reserves in preparation for a planned transition to a mono-currency regime by 2030, Reserve Bank of Zimbabwe (RBZ) Governor ...Published: 25 Jul 2025 at 18:01hrs | 767 | by Staff reporter
Money laundering costs Zimbabwe US$6,5bn
Zimbabwe has lost an estimated US$6.15 billion to money laundering-related crimes over the past five years, with car dealerships, gold smuggling, and entrenched corruption networks topping the list of...Published: 22 Jul 2025 at 08:49hrs | 188 | by Staff reporter
RBZ exposes massive money laundering
The Reserve Bank of Zimbabwe (RBZ) has unearthed large-scale illicit financial flows (IFFs) in the country's real estate and motor vehicle dealership sectors, revealing industrial-scale money launderi...Published: 18 Jul 2025 at 14:40hrs | 1548 | by Staff reporter
Zimbabwe rebuilds correspondent banking ties
The Bankers Association of Zimbabwe (BAZ) has confirmed that some regional and niche international financial institutions have begun cautiously re-engaging with Zimbabwean banks, following the lifting...Published: 19 Jun 2025 at 07:10hrs | 172 | by Staff reporter
The Uphill Battle for Economic Freedom: The Story of Qoki Women of Zimbabwe
The challenges of trying to gain economic freedom as women in Africa are not limited to having to fight against some men who are bent on denying you that freedom to keep you dependent and subservient....Published: 14 May 2025 at 21:30hrs | 799 | by Solabanye Nqabeni
SECZim seeks to bolster financial sector integrity
The Securities and Exchange Commission of Zimbabwe (SECZim) recently held a two-day workshop in Mutare focused on Anti-Money Laundering, Combating the Financing of Terrorism, and Proliferation Financi...Published: 08 May 2025 at 16:07hrs | 107 | by Staff reporter
Zimbabwe banker, SA banks implicated in R2 billion electoral scandal
A top Zimbabwean banker is at the centre of the nearly R2 billion Zimbabwe Electoral Commission (ZEC) tender scandal involving a South African printing company paid R1.2 billion by the Harare governme...Published: 08 May 2025 at 09:58hrs | 2457 | by Roland Mpofu I iol
SECZim raises awareness on financial crime
The Securities and Exchange Commission of Zimbabwe (SECZim) has reaffirmed its commitment to bolstering regulatory compliance and integrity within the financial sector through robust capacity-building...Published: 08 May 2025 at 09:39hrs | 37 | by Staff reporter
RBZ to swoop on currency hoarders
The Reserve Bank of Zimbabwe (RBZ) is set to crack down on businesses and individuals hoarding money in cash deposit boxes at banks, homes, and business premises. Authorities are concerned that such p...Published: 02 Apr 2025 at 08:47hrs | 574 | by Staff reporter
Zimbabwe central bank cracks down on cash hoarding
The Reserve Bank of Zimbabwe (RBZ) has expressed concern over millions of dollars lying idle in cash deposit boxes across the country, warning that the growing trend is stifling economic growth by dep...Published: 09 Feb 2025 at 17:40hrs | 6352 | by Staff reporter
Cheap mobile and fintech innovator a solution for the Zimbabwe market
Greydot Telecommunications Zimbabwe, a subsidiary of Greydot Telecommunications Africa, is making significant strides in the telecommunications and fintech landscape across Southern Africa. Establishe...Published: 27 Oct 2024 at 14:32hrs | 842 | by Staff reporter
The sanctions lie: How Zimbabwe's ruling elite is misleading the nation
As Zimbabwe moves towards the so-called "SADC Anti-Sanctions Day" on the 25th of October, the need arises again to unpack the shameful lies spread by the ruling establishment about these measures....Published: 20 Oct 2024 at 16:57hrs | 536 | by Tendai Ruben Mbofana
Dragnet closes in on Zimbabwe money launderers
The dragnet is closing in on money launderers as President Emmerson Mnangagwa's administration yesterday resolved to strengthen the enforcement of anti-money laundering legislation,Business Times repo...Published: 15 Aug 2024 at 14:43hrs | 1127 | by Staff reporter
Zacc struggles to recover US$1bn tainted assets
Zimbabwe's weak extra-territorial judicial systems are hampering the Zimbabwe Anti-Corruption Commission (ZACC) from recovering looted funds believed to be hidden in foreign countries, NewsDay has rep...Published: 31 May 2024 at 21:18hrs | 1 | by Staff reporter
Chivayo hijacks US$40m corrupt ZEC deal
CONTROVERSIAL businessman Wicknell Chivayo, who is close to President Emmerson Mnangagwa and other high-profile government officials, corruptly got a windfall from a murky Zimbabwe Election Commission...Published: 28 May 2024 at 12:47hrs | 35 | by Staff reporter
RBZ boss designate hits ground running
JOHN Mushayavanhu, the incoming governor of the Reserve Bank of Zimbabwe (RBZ), has already started contributing to the 2024 monetary policy statement (MPS), getting things going right away, Sta...Published: 18 Feb 2024 at 09:19hrs | 14 | by Staff reporter
Red flag raised over mess at Deeds Office
SHAMBOLIC record-keeping at the Department of Deeds, Companies and Intellectual Property could compromise Zimbabwe's listing as a low-risk country for money laundering and financing of terrorism by th...Published: 03 Dec 2023 at 10:32hrs | 13 | by Staff reporter
Zimbabwe foreign currency deposits shoot to US$1, 6 billion
Foreign currency deposits have surged to an impressive US$1.6 billion, largely attributed to growing confidence in the stability of the banking sector, as revealed by the Reserve Bank of Zimbabwe (RBZ...Published: 26 Oct 2023 at 06:23hrs | 3 | by Staff reporter
100 Zimbabweans probed over US$70m ill-gotten wealth
Over 100 individuals suspected of acquiring assets worth US$70 million through money laundering and illicit financial activities are currently under investigation. The National Prosecuting Authority (...Published: 22 Oct 2023 at 09:15hrs | 3 | by Staff reporter
RBZ to investigate schools inflating fees using black market rates
The Financial Intelligence Unit (FIU) of the Reserve Bank of Zimbabwe (RBZ) has said it will investigate and take punitive measures against schools that are inflating figures of school fees in local c...Published: 13 Aug 2023 at 08:58hrs | 37 | by Staff Reporter
UAE suspends Gold Refinery over owners' alleged laundering links
The United Arab Emirates suspended the accreditation of one of its biggest gold refineries over concerns that its owners had ties to alleged money launderers.Emirates Gold DMCC — which has o...Published: 15 Jul 2023 at 11:17hrs | 19 | by Staff reporter
Zimbabwe govt punishes rogue businesses
THE Ministry of Finance and Economic Development has suspended trading licences for 17 pharmacies for violation of the Exchange Control directives and Government policy where they were using speculati...Published: 12 Jul 2023 at 08:16hrs | | by Staff reporter
Shadowy US organisation raise questions about Tagwirei mine purchase
A joint investigative report by The Sentry and Open Secrets exposes how Zimbabwean presidential advisor and business tycoon Kudakwashe Tagwirei, the subject of numerous corruption allegations, was abl...Published: 06 Jul 2023 at 10:41hrs | 29 | by Staff reporter
Mnangagwa's 5 election hurdles
AFTER days of political drama, anxiety and bated breath, President Emmerson Mnangagwa proclaimed the election date, setting the stage for a season of intrigue, joy and heartaches. Zimbabwe decides on ...Published: 05 Jun 2023 at 19:06hrs | 1 | by Staff reporter
What draws the gold mafia to Dubai?
An Al Jazeera investigation shows how criminals use the city's pro-business policies to smuggle gold, clean dirty cash.https://www.youtube.com/watch?v=...Published: 06 Apr 2023 at 20:23hrs | 13 | by Al Jazeera Investigative Unit
Chamisa: Hoping for tricks of providence
A belch from a priest has greater valueFor a shiny trinket / Give not away your country / The foreigner is a trafficker / To mind him is no bargain / If you were skilled and artful / You'd sta...Published: 25 Feb 2023 at 06:49hrs | 4 | by Jamwanda
Ramaphosa's money laundering scandal, South Africa greylisted
South Africa, whose President Cyril Ramaphosa has been implicated in money laundering scandal, has been greylisted by the Financial Action Task Force (FATF), an intergovernmental body that sets global...Published: 24 Feb 2023 at 20:28hrs | 4 | by Staff reporter
Zimbabwe democratic space narrows ahead of 2023 polls
AS Zimbabwe inches closer to the 2023 general election, the democratic space is narrowing as authoritarian rule takes a toll on the political opposition and civil society.In December alone, cr...Published: 27 Dec 2022 at 06:50hrs | 2 | by Staff reporter
Zimra border officers probed for building mansions, flats in Harare
BEITBRIDGE Border Post, the country's busiest inland port of entry, has been identified as the country's major corruption hot spot, with some Zimbabwe Revenue Authority (Zimra) officials under investi...Published: 22 Jun 2022 at 06:44hrs | 5 | by Staff reporter
Zimra flags Beitbridge as corruption hotspot
BEITBRIDGE Border Post, the country's busiest inland port of entry, has been identified as the country's major corruption hot spot, with some Zimbabwe Revenue Authority (Zimra) officials under investi...Published: 22 Jun 2022 at 06:41hrs | 10 | by Staff reporter
Ziyambi Ziyambi challenged over PVOs Bill
JUSTICE minister Ziyambi Ziyambi has been challenged to provide evidence on political interference by non-governmental organisations and that some charities are conduits for sponsoring terrorism and o...Published: 03 May 2022 at 16:02hrs | 2 | by Staff reporter
'PVO Bill to curb terrorism'
THE Private Voluntary Organisation Amendment Bill is meant to curb financial terrorism and money laundering by some non-profit organisations that an inter-governmental organisation, Financial Action T...Published: 28 Apr 2022 at 08:56hrs | 3 | by Staff reporter
IMF sees positive economic recovery signs in Zimbabwe
The International Monetary Fund (IMF) says there are positive signs of the economic recovery in Zimbabwe starting last year after two years of recession, adding that Government had done well in addres...Published: 25 Mar 2022 at 05:53hrs | | by Staff reporter
Crime watchdog removes Zimbabwe from 'grey' watchlist
The global financial crime watchdog the Financial Action Task Force (FATF) has removed Zimbabwe from its "grey" watchlist, giving some rare relief to an economy battling global financial isolation....Published: 06 Mar 2022 at 08:27hrs | 2 | by Staff reporter
Zimbabwe removed from financial grey list
ZIMBABWE has been removed from the list of countries that are considered to be insufficiently compliant in implementing Anti-Money Laundering and Counter Financing of Terrorism (AML/CFT) Standards....Published: 06 Mar 2022 at 08:24hrs | 3 | by Staff reporter
Zimbabwe financial flows under scrutiny
A HIGH level Financial Action Task Force (FATF) team is in the country to meet private and public sector institutions to assess implementation of Anti-Money Laundering (AML) and Counter Financing of T...Published: 15 Jan 2022 at 00:13hrs | | by Staff reporter
Zimbabwe makes strides on anti-money laundering
ZIMBABWE has made substantial strides on its action plan on money laundering, which may lead to its removal from the Financial Action Task Force's (FATF) "grey list". The FATF was esta...Published: 25 Nov 2021 at 14:18hrs | 9 | by Staff Reporter
NGOs to be barred from political lobbying
Leaders of non-governmental organisations that fund political parties or candidates will face up to a year in prison if the Private Voluntary Organisation Amendment Bill gazetted last Friday is passed...Published: 08 Nov 2021 at 05:24hrs | 2 | by Staff reporter
RBZ directs banks to detect currency abusers
THE Reserve Bank of Zimbabwe (RBZ) has directed banks to configure their automated transaction systems in order to implement robust mechanisms that detect the abuse of debit cards in facilitating ille...Published: 14 Oct 2021 at 06:20hrs | 5 | by Staff reporter
'Remove Zimbabwe from money-laundering blacklist'
Zimbabwe strongly disputes the European Union's (EU) listing of the country among nations with strategic deficiencies in anti-money laundering and countering financing terrorism, saying the citing by ...Published: 06 Oct 2021 at 05:45hrs | 10 | by Staff reporter
Inside Zimbabwean tycoon Billy Rautenbach's offshore family trust
Records from a massive offshore data leak have provided the most detailed account yet of buccaneering mining and fuel magnate Billy Rautenbach's family empire.It started with a marriage settle...Published: 05 Oct 2021 at 06:40hrs | 9 | by Daily Maverick
Money laundering haunts Zimbabwe
ZIMBABWE is one of the countries at high risk of money laundering, according to a report by the Swiss based Basel institute on governance.The report titled Basel anti-Money laundering (aMl) in...Published: 01 Oct 2021 at 08:03hrs | 11 | by Staff reporter
Governance, risk and compliance diploma launched
THE Deposit Protection Corporation (DPC) has joined forces with the Institute of Chartered Secretaries and Administrators in Zimbabwe (ICSAZ) and the International Compliance Association (ICA) to laun...Published: 27 Sep 2021 at 06:17hrs | 1 | by Staff reporter
'Regime change' NGOs face heavy penalties
PRIVATE Voluntary Organisations (PVOs) that fund political parties or election candidates will face criminal charges under proposed changes to the law regulating the operation of non-governmental orga...Published: 26 Sep 2021 at 19:33hrs | 1 | by Staff reporter
Zimbabwe ranked among high-risk money laundering countries
RELEASED on September 13, 2021, the 10th Basel anti-money laundering index showed Zimbabwe scored 6,78 out of 10 (where 10 indicates the highest risk level) and has landed in the top 12 of the unenvia...Published: 15 Sep 2021 at 05:49hrs | 18 | by Prosper S Maguchu
Outrage over minister's £330 000 super car
Revelations that an unnamed Zimbabwean government minister is importing a luxurious Rolls Royce Phantom worth £330 000 from the United Kingdom have sparked outrage from local and British activists....Published: 18 Jul 2021 at 08:13hrs | 2 | by Staff reporter
Zimbabwe deputy minister shells out $770,000 on Rolls Royce
Deputy sports minister Tinomudaishe Machakaire has splashed US$770,000 on a Rolls Royce Phantom - the latest illustration of the gulf between Zimbabwe's poor and super rich political elites.Th...Published: 17 Jul 2021 at 15:36hrs | | by Staff reporter
SI 127 ghost still haunting economy
After passing Statutory Instrument (SI) 127 of 2021 on the 26th of May 2021, the Zimbabwean government made a quick summersault on the new regulations through a press statement issued by the Reserve B...Published: 14 Jul 2021 at 08:47hrs | 1 | by Victor Bhoroma
27 firms fined for abusing forex auction system
Twenty one more companies have now been found abusing the foreign currency auction system, bringing the total to 39, and of these, 27 have been assessed civil penalties while 12 others have been issue...Published: 10 Jul 2021 at 10:53hrs | 1 | by Staff reporter
The Sentry reveals hidden business networks of Kudakwashe Tagwirei
A REPORT published by The Sentry, Shadows and Shell Games: Uncovering an Offshore Business Empire in Zimbabwe, reveals key details of business practices of controversial local businessman and presiden...Published: 03 Jul 2021 at 21:30hrs | 3 | by Staff reporter
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