Bill targets ‘suspicious wealth’

President Emmerson Mnangagwa has upped the fight against rampaging corruption by pushing through changes to the Money Laundering and Proceeds of Crime Act. New Zimbabwe reports that the aim is to flush out individuals who suddenly flaunt their wealth. The Amendment Bill which is now before Parliament will have a new clause giving power to the Zimbabwe Anti-Corruption Commission (Zacc), the Zimbabwe Revenue Authority (Zimra) and the police to investigate ‘suspicious wealth’. ‘In order to combat money laundering, terrorist financing, tax evasion and corruption, it has become necessary to give powers to Zacc, Zimra and the Zimbabwe Republic Police to elicit explanations from persons who exhibit great wealth without having any apparent lawful means of obtaining such wealth,’ the Bill states.

Full New Zimbabwe report