Featured Zimbabwe

EU to beef up scrutiny of money-laundering risks, adds Panama to blacklist

The European Commission aims to intensify its scrutiny of states posing money-laundering risks, and is looking into creating a new body to help police financial crime and monitor banks more strictly, draft documents seen by Reuters show. One document, expected to be published on Thursday, adds Panama and other countries… Read More

Elephant poaching and illicit financial flows

According to the Zimbabwe Parks and Wildlife Management Authority (ZimParks), 322 elephants were killed by poachers between 2016 and 2019, largely for their tusks. These are then shipped out to Asia, via South Africa, but the real number may be much higher, according to wildlife groups. Much of the poaching… Read More

Case Closed? Why We Should Review Historic Wildlife Trafficking Cases from a Financial Perspective

It is a sad fact that, even today, enforcement action against the illegal wildlife trade (IWT) usually begins and ends with a seizure of illegal wildlife products. Financial investigations – routine for other serious crimes – are seldom undertaken for IWT. In recent years, however, a growing consensus has… Read More
30th March 2020
The Securities and Exchange Commission of Zimbabwe (SECZ) has launched an investigation into suspected illicit activities surrounding trading in fungible stocks linked to three listed companies — Old Mutual, PPC Limited and Seed Co International. Government recently suspended the fungibility of the stocks. Fungibility means that shareholders from the three… Read More
12th March 2020
The U.S. blacklisted two Zimbabwean officials for alleged human rights violations, the U.S. Treasury Department said. The officials, Anselem Sanyatwe and Owen Ncube, allegedly were involved in directing an attack on peaceful demonstrators and political opponents in Zimbabwe, the Treasury said. The designations followed the blacklisting of Messrs. Sanyatwe and… Read More
24th February 2020
Britain is preparing to reimpose sanctions on Zimbabwean dictator Robert Mugabe’s widow at the end of the year after the Government disagreed with an EU decision to ease restrictions on her finances. The Government suspended an order freezing assets of Grace Mugabe, 54, following an EU decision earlier this… Read More
16th December 2019
Zimbabwean authorities arrested the wife of Vice President Constantino Chiwenga on charges of money laundering, fraud and violating exchange control regulations, the country’s anti Corruption Commission (ZACC) said on Sunday. Marry Mubaiwa was arrested on Saturday evening and will likely appear in court on Monday, ZACC spokesman John Makamure said. Read More
25th October 2019
Sanctions programs levied on some Sub-Saharan African countries could be made more effective by targeting specific networks rather than comprehensive sanctions against an entire country, a new report says. The report, published by policy advocacy group The Sentry on Thursday, evaluates the effectiveness of sanctions programs currently or previously… Read More
22nd August 2019
Zimbabwe’s former Vice-President Phelekezela Mphoko has been granted bail after appearing in court on corruption charges. This comes a day after anti-corruption officials said they were treating him as a fugitive. They accused him of driving away from a police station where he was supposed to make a statement on… Read More
29th July 2019
Zimbabwean Tourism Minister Prisca Mupfumira was charged in court on Friday with corruption involving $95 million from the state pension fund after questioning by the newly formed Zimbabwe Anti-Corruption Commission (ZACC). Mupfumira is the first senior government official to be interrogated by the commission, which was appointed by President Emmerson… Read More
23rd July 2018
A former minister who served under Zimbabwe’s ex president Robert Mugabe was found guilty of corruption and sentenced to four years in jail on Friday, his lawyer said, the first conviction of a Mugabe-era official since he stepped down. Mugabe resigned in November after 37 years in power following a… Read More
12th June 2018
Zimbabwe’s parliament on Monday backed down from its demand for former president Robert Mugabe to answer questions related to diamond mining operations during his time in office. In what would have been his first public appearance since being ousted in a de facto military coup in November, parliament had wanted… Read More
22nd May 2018
Zimbabwe’s parliament said on Monday that former President Robert Mugabe was scheduled to answer questions this week related to diamond mining operations during his tenure, but an official said senior ruling party politicians opposed this. Mugabe was originally scheduled to appear before the mines committee on May 9, which would… Read More