MUTUAL EVALUATIONS


7TH FUR ZIMBABWE- APRIL 2021

This report sets out Zimbabwe's progress in strengthening anti-money laundering and counter terrorist financing measures since their 2016 assessment. Since its 2016 mutual evaluation, Zimbabwe has made progress in addressing deficiencies. The ESAAMLG considered information provided in support of the request for re-rating of Recommendations 1 and 24 (initially rated PC and NC respectively) and re-rated them to LC. On Recommendations that are being re rated due to the changes made to the FATF Standards, R.2 (originally rated LC) has been downgraded to PC. The new criterion that was added has made the deficiencies to be moderate. R.5 (originally rated C) has been downgraded to LC, R.15 (re rated to C in the previous FUR) has been downgraded to PC and R.21 (originally rated C) remains C. Ethiopia will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving and implementing its AML/CFT measures.

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 Posted:  17, Jun 21