Revisiting Money-laundering Legislation in Zimbabwe and the Role of International Organisations

Abstract

International Organisations (IOs) are crucial actors in spearheading the global adoption of anti-money-laundering (AML) legislation. However, the extent to which AML legislation has been implemented in Zimbabwe under the aegis of the Financial Action Task Force (FATF) and East Africa and Southern Africa Money Laundering Group (ESSAMALG) may put the efficacy of legislation passed at the behest of IOs into question. This article suggests that glocalisation may enhance the international fight against money-laundering. That is to say, international standards should be applied domestically with due regard for local legislative environment.