Regulatory Alerts2020-11-19
Added · Updated
Directive on National Risk Assessment and Implementation of Findings
The Reserve Bank of Zimbabwe requires all securities market intermediaries to conduct and submit institutional-level Money Laundering and Terrorist Financing risk assessments aligned with the National Risk Assessment findings. Institutions must apply a risk-based approach to allocate resources, implementing enhanced due diligence for high-risk clients and transactions while reducing measures for lower risks. Final assessment reports, documented and board-approved, must be submitted to the regulatory unit by 31 August 2016 following a progress update due on 31 May 2016.