FOREWORD 

In the face of a rapidly evolving global financial landscape, the challenge of combating money laundering (ML) and terrorist financing (TF) remains a critical priority for nations around the world. For Zimbabwe, the National Risk Assessment (NRA) is a vital instrument in identifying, assessing, prioritising and understanding risks associated with ML which emanate from both within and outside our borders. By undertaking this third NRA, having carried out previous assessments in 2014-2015 and 2019-2020, Zimbabwe is not only aligning with international standards but also reinforcing the country’s commitment to safeguarding the safety and integrity of the national as well as the global financial systems. 

The assessment provides a comprehensive evaluation of the money laundering threats facing the country as well as identifying the vulnerabilities in the AML/CFT system that can be exploited by criminals to launder ill-gotten wealth. The results of the assessment will inform the crafting and adoption of the country’s AML/CFT Strategy for 2025-2029 on the policies and measures needed to mitigate the identified risks. All relevant stakeholders in the AML/CFT value chain need to be guided by the results of the assessment in undertaking institutional or sectoral risk assessments and deploying mitigatory measures.