[inserted by Act 22/2001 with effect from 10th September, 2002]
9
Use of information for private gain
(1) No person exercising any functions under this Act shall, for his personal gain, make use
of any information which has come to his knowledge in the exercise of those functions.
(2) Any person who contravenes subsection (1) shall be guilty of an offence and liable to—
(a) a fine not exceeding level ten or double the amount of his gain, whichever is the
greater; or
(b) imprisonment for a period not exceeding five years;
or to both such fine and such imprisonment..
[Inserted by Act 22 of 2001 with effect from the 10th September, 2002.]
10 Recovered Foreign Currency Fund and reward for information
(1) In this section, “Reserve Bank” means the Reserve Bank of Zimbabwe referred to in
section 4 of the Reserve Bank of Zimbabwe Act [Chapter 22:15].
(2) There is hereby established for the purposes of subsection (6) a fund, called the
Recovered Foreign Currency Fund, which shall be administered by the Board of the Reserve
Bank.
(3) The moneys of the Recovered Foreign Currency Fund shall consist of—
(a) all convertible foreign currency that is declared to be forfeited to the State in terms of
section seven; and
(b) convertible foreign currency purchased by the Reserve Bank for the purposes of the
Recovered Foreign Currency Fund.
(4) The financial year of the Recovered Foreign Currency Fund shall be a period of twelve
months ending on the 31st December.
(5) Section 30 of the Audit and Exchequer Act [Chapter 22:03] shall apply to the
Recovered Foreign Currency Fund.
(6) The Board of the Reserve Bank shall award to any person a monetary reward for
information provided or any measure taken—
(a) which results in detection and prosecution of an offence in terms of section five and
the consequent recovery of convertible foreign currency that is declared to be forfeited
to the State in terms of section seven; or
(b) which results in the recovery of convertible foreign currency, notwithstanding that no
prosecution of an offence in terms of section five is instituted.
(7) Any amount to be awarded in terms of subsection (6) shall be at the rate of ten per
centum of the convertible foreign currency that is—
(a) declared to be forfeited in terms of paragraph (a) of section seven; or
(b) recovered in terms of paragraph (b) of section seven;
as the case may be.
(8) At the end of the financial year of the Recovered Foreign Currency Fund, the balance of
the total amount of convertible foreign currency remaining in the Fund after the payment of the
amounts awarded during that financial year terms of subsection (6) shall form part of the
Consolidated Revenue Fund.
-6-