Zimbabwe to blacklist, freeze terrorist funds

Zimbabwe to blacklist, freeze terrorist funds
Published: 16 March 2019 (151 Views)
The law operationalising 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.

It is cited as Suppression of Foreign and International Terrorism (Application of UNSCR 1540 (2004)1673, 1810, 1887, 1977 (On Non-State Actor Proliferation), 1695,1718, 1874 on Democratic People's Republic of Korea and 1696,1737, 1747, 1803 and 1929, UNSCR 2094 (2013), 2231 (2015) UNSCR 2270 (2016), UNSCR 2321 (2016), UNSCR 2371 (2017), of UNSCR 2375 (2017) UNSCR 2397 (2017) and Successor UNSCRs) Regulations, 2019.

The principal Act—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.

"These regulations extend to any person or entity listed under Subsection (1), notwithstanding any rights granted to or obligations imposed under any existing international agreement or contract made prior to date of coming into force of these regulations," read the Statutory Instrument.

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.

"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," read the regulations.

"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."

According the SI, the purpose of the regulations includes prescribing procedure for freezing funds or financial assets or other economic resources of any designated persons and provide for the authority responsible for proposing and designating persons under various UNSCRs.

The regulations also stipulate the type of financial or other related services which may not be provided to a designated person. It further prescribe conditions and procedure for utilisation of frozen funds, or economic resources while prohibiting the making of frozen funds or economic resources available to designated persons as well as guidelines for effective implementation of the UNSCRs.

- the herald

 0

You May Like These Videos

Comments

There are no comments.

Latest stories

Mugabe Aeroplanes sold for $12.5 million

by Mandla Ndlovu | 20 March 2019 | 183 Views

Chamisa opens up on his visit to Manicaland

by Mandla Ndlovu | 20 March 2019 | 179 Views

NetOne outpaces competitors, active subscriber base balloons

by Ndou Paul | 20 March 2019 | 123 Views

South Africa send support to Cyclone Idai-hit Manicaland

by ZimLive | 20 March 2019 | 125 Views

How to choose the right powder welding machine

by Tech Reporter | 20 March 2019 | 83 Views

No one will die of hunger, Mnangagwa tells cyclone victims

by Staff reporter | 20 March 2019 | 101 Views

Mnangagwa off to affected areas

by Staff reporter | 20 March 2019 | 87 Views

Mohadi opens tobacco selling season

by Staff reporter | 20 March 2019 | 98 Views

This is not it Mr Mnangagwa!

by Editorial - Daily News | 20 March 2019 | 129 Views

Obert Mpofu to appear before Bulawayo court

by Staff reporter | 20 March 2019 | 100 Views

Mnangagwa, Chamisa cannot lead dialogue

by Staff reporter | 20 March 2019 | 93 Views

Uproar over illiterate councillor

by Staff reporter | 20 March 2019 | 89 Views

Kwekwe VID receiving bribes in exchange for drivers' licences

by Staff reporter | 20 March 2019 | 92 Views

Lupane school forced to close over goblins

by Staff reporter | 20 March 2019 | 86 Views

Mnangagwa plans to stop using army in demos

by Staff reporter | 20 March 2019 | 114 Views

Government sells NetOne and TelOne

by Mandla Ndlovu | 20 March 2019 | 146 Views

How Prophet Isaiah Sovi foretold Cyclone Idai

by Mandla Ndlovu | 20 March 2019 | 179 Views

'Joshua Nkomo made Mugabe the leader of ZANU in 1975'

by Mandla Ndlovu | 20 March 2019 | 149 Views

Water shortage to increase in Harare

by Mandla Ndlovu | 20 March 2019 | 115 Views

#Cyclone Idai: Mnangagwa on the ground

by Staff reporter | 20 March 2019 | 112 Views

Zesa gets new board

by Staff reporter | 20 March 2019 | 100 Views

Chamisa wants MPs to push for Department of Civil Protection reform

by Staff reporter | 20 March 2019 | 109 Views

Heavyweights vie for ZACC posts

by Staff reporter | 20 March 2019 | 87 Views

Leyland eyes Zimbabwe bus plant

by Staff reporter | 20 March 2019 | 109 Views

Potraz summons Liquid over tariff hike

by Staff reporter | 20 March 2019 | 89 Views

ZCTU bosses' freedom bid quashed

by Staff reporter | 20 March 2019 | 53 Views

Over 100 trucks transporting Zimbabwe wheat stuck in Mozambique

by Staff reporter | 20 March 2019 | 91 Views

Ex-Zanu-PF Senator sued over $368k power debt

by Staff reporter | 20 March 2019 | 105 Views

Bulilima West MP bemoans absence of referral hospital

by Staff reporter | 20 March 2019 | 91 Views

MP takes council to task over floods

by Staff reporter | 20 March 2019 | 83 Views

Men jailed 2 years for defacing Mnangagwa banner

by Staff reporter | 20 March 2019 | 91 Views

Man (21) kills brother (15) over food

by Staff reporter | 20 March 2019 | 93 Views

Headman leaves behind 35 children

by Staff reporter | 20 March 2019 | 104 Views

Mash Central MDC youth leader out on bail

by Staff reporter | 20 March 2019 | 49 Views