Regulatory Alerts2025-06-10
Added · Updated
AML/CFT/CPF Guideline No. 01-2025/BSSFS
The Reserve Bank of Zimbabwe mandates reporting institutions to implement a comprehensive risk-based AML/CFT/CPF compliance framework aligned with FATF standards. Reporting institutions must conduct annual institutional risk assessments, apply enhanced due diligence to high-risk customers and beneficial owners, and strictly enforce United Nations targeted financial sanctions. The guideline establishes mandatory monitoring procedures, board-approved risk methodologies, and clear supervisory remedial actions for non-compliance.