Zimbabwe to tighten money-laundering rules for insurers

Zimbabwean insurers will face tougher anti-money-laundering (AML) rules after the country was placed on the Financial Action Taskforce (FATF) watch list. The Insurance and Pensions Commission (IPEC) said it will review licensing mechanisms for local insurers to ensure they comply with international AML regulations. This followed lack of progress in addressing deficiencies that were first flagged in 2016. IPEC commissioner…

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