The Securities and Exchange Commission of Zimbabwe has intensified its efforts to protect the country’s financial markets by conducting a three-day training workshop focused on Anti-Money Laundering, Combating the Financing of Terrorism, Countering Proliferation Financing, and market integrity.
The workshop, held from 3 to 5 September 2025 in Bulawayo, brought together capital market players from across the sector.
“This training is part of our broader commitment to strengthening compliance and market resilience ahead of Zimbabwe’s next mutual evaluation scheduled for 2026,” said Farai Mpofu, SECZim’s Investor Education and Public Relations Manager.
Participants examined emerging financial crime risks, including those linked to complex transactions and digital assets.
Trainers reviewed updates to key Financial Action Task Force standards—specifically Recommendations 1, 10, and 16—and emphasized the importance of beneficial ownership transparency and the use of the goAML platform for suspicious transaction reporting.
Related Stories
The Financial Intelligence Unit, which collaborated in the program, urged firms to tighten governance structures.
“Common weaknesses we observe include inadequate board oversight, poor integration of ML/TF/PF risks into enterprise risk frameworks, and under-resourced compliance functions,” the FIU warned. Officials also reminded attendees of the criminal and administrative sanctions for AML/CFT/CPF breaches.
Sessions also covered prudential standards, with regulators unpacking mandatory financial disclosures for Securities Market Intermediaries and highlighting key audit risks requiring attention.
The Climate Risk Framework was also discussed as part of a broader push toward financial system stability.
Market conduct issues were another focal point, with SECZim’s enforcement team warning that violations such as insider trading, false trading, and market manipulation “can lead to prosecution, fines, or imprisonment.”
Leave Comments