The law giving Government powers to blacklist and freeze funds and assets of individuals and entities linked to international terror, has been gazetted.
Statutory Instrument 56 of 2019 was published in an Extraordinary Government Gazette yesterday. The principal Act, the Suppression of Foreign and International Terrorism Act was enacted in 2007, in compliance with a Security Council Resolution requiring all UN members to apply financial sanctions on individuals and entities associated with international terrorism. The Bank Use Promotion and Suppression of Money Laundering Unit will be Zimbabwe’s national agency for implementing the regulations.
Clause 5 provides for the role of the Bank Use Promotion and Suppression of Money Laundering Unit. The regulations prevent the entry into or transit through Zimbabwe’s borders by specified individuals; and also bar direct and indirect supply, sale and transfer of arms and military equipment by such people. Part of the regulations read:
Where the unit proposes an individual to be added to the United Nations Consolidated List, the President shall on the recommendation of the minister, declare a person or entity to be a suspected international terrorist or international terrorist group respectively. Upon such a declaration, the minister through the ministry responsible for Foreign Affairs shall forward the list of proposed designated persons or entities to the relevant UN Sanctions Committee, stating the reasons for the designation.