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Govt tightens money laundering law

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Finance and Economic Development Minister Patrick Chinamasa and the Reserve Bank of Zimbabwe governor, John Mangudya

Finance and Economic Planning, Minister Patrick Chinamasa and the Reserve Bank of Zimbabwe governor, John Mangudya

ZIMBABWEANS who move funds offshore to buy properties will have assets of equivalent value seized in Zimbabwe, The Financial Gazette can reveal.
The measures were announced on Friday last week through the Money Laundering and Proceeds of Crime (amendment) Act, 2018.

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