Our Mission

To fully implement domestic, regional and international best practices and standards on AML/CFT, with particular emphasis on achieving effectiveness in line with the FATF Standards.

The establishment of the comprehensive AML/CFT framework shall be achieved through the engagement of human and technical resources, amongst local and international stakeholders.

OVERVIEW

The Financial Intelligence Unit was established in 2004 in terms of section 3 of the Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24:24].

The Unit exists as a Unit in the administrative establishment of the Reserve Bank of Zimbabwe, but has its own governing statutes, giving it a mandate distinct from that of the central bank.

The Unit bears the primary responsibility of ensuring AML/CFT compliance, but works in close cooperation with supervisory /regulatory bodies of the various types of designated reporting institutions to ensure that the regulated entities comply with their AML/CFT obligations. The Unit also works with relevant stakeholders, in ensuring the investigation, prosecution, conviction of criminal offenders, and confiscation of recovered assets or funds.