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.State media