Informal economy a risk to anti-money laundering drive

ZIMBABWE’S high levels of informalisation remain one of the biggest challenges to the country’s fight against money laundering, it has emerged.

This comes as the sector, which is estimated to be 64,1% of the economy, has over the years seen most business transactions continuing to be conducted outside formal systems and in cash.

Launching the country’s third National Risk Assessment (NRA) and the Anti-Money Laundering/Countering the Financing of Terrorism (AML-CFT) strategy for 2025–2029 in Harare on Wednesday, Finance, Economic Development and Investment Promotion deputy minister Kudakwashe David Mnangagwa spoke of how the informal economy is complicating monitoring efforts.

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