Financial Intelligence Unit

Overview of the Financial Intelligence Unit

The Bank Use Promotion & Financial Intelligence Unit was established in 2004 in terms of section 3 of the Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24:24].


The Unit exists as a Unit of the Reserve Bank of Zimbabwe, but has its own governing statutes, giving it a mandate distinct from that of the central bank.


Our Vision

To be a leader in the provision of high quality financial intelligence in the national, regional and international fight against money laundering and financing of terrorism and for ensuring the safety and integrity of Zimbabwe's financial system.


Our Mission

  • To formulate and implement strategies to combat money laundering and financing of terrorism
  • To comply with FATF Standards by financial institutions and Designated Non Financial Businesses and Professions
  • To assist in the detection, investigation and prosecution of money laundering and terrorist financing offences
  • To provide timely and quality information to law enforcement agencies and other stakeholders


The Unit's main statutory functions are:

  • To receive Suspicious Transaction Reports (STRs) from financial institutions and Designated Non Financial Businesses and Professions;
  • To analyze the STRs; and
  • To disseminate the STRs in the form of financial intelligence to appropriate law enforcement agencies for further investigation and /or prosecution.
  • The Unit is also mandated with promoting the usage of banks as a way to combat money laundering as well as promoting financial inclusion.


The Unit is the main AML/CFT regulator, but works in close cooperation with supervisory / regulatory bodies of the various types of designated reporting institutions to ensure compliance that the regulated entities comply with their AML/CFT obligations.


National Task Force on AML/CFT

The National Task Force on Anti Money Laundering and Combating Financing of Terrorism is a forum that brings together law enforcement agencies and other, mostly governmental, institutions that are involved in the fight against money laundering and financing of terrorism.


The National Task Force on AML/CFT is chaired by the Director of the FIU and meets regularly for purposes of coordinating policies and sharing information on AML/CFT matters.


Current membership of the National Task Force includes representatives from the following organizations:

  1. Financial Intelligence Unit
  2. Ministry of Home Affairs
  3. Zimbabwe Republic Police
  4. Zimbabwe Anti Corruption Commission
  5. National Prosecuting Authority
  6. Zimbabwe Revenue Authority
  7. Department of Immigration
  8. Insurance and Pensions Commission
  9. Securities Exchange Commission of Zimbabwe

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