President Mnangagwa signed the Private Voluntary Organisations Amendment Bill into law yesterday. The government published this new act through Dr. Martin Rushwaya, Chief Secretary to the President. The law aims to stop criminal groups from using charities for terrorism financing. It makes charity groups more accountable through clearer definitions about what counts as "funds or assets." The amendment helps Zimbabwe follow international recommendations from the Financial Action Taskforce.
The law expands what counts as a "Private Voluntary Organisation" to catch groups trying to hide money laundering activities. It brings the Financial Intelligence Unit of the Reserve Bank into monitoring these organizations because terrorist financing often crosses borders. Even fundraising activities for schools or hospitals might face scrutiny if high-risk entities run them. The amendment requires registration from trusts previously exempt from PVO rules.
Organizations receiving foreign money for charitable work must register as PVOs. The government promises these groups a reasonable time to meet the new requirements. This comprehensive law replaces previous registration sections with stricter rules. The changes help authorities track money movement through charitable organizations across Zimbabwe.
The law expands what counts as a "Private Voluntary Organisation" to catch groups trying to hide money laundering activities. It brings the Financial Intelligence Unit of the Reserve Bank into monitoring these organizations because terrorist financing often crosses borders. Even fundraising activities for schools or hospitals might face scrutiny if high-risk entities run them. The amendment requires registration from trusts previously exempt from PVO rules.
Organizations receiving foreign money for charitable work must register as PVOs. The government promises these groups a reasonable time to meet the new requirements. This comprehensive law replaces previous registration sections with stricter rules. The changes help authorities track money movement through charitable organizations across Zimbabwe.
