No. 4/2014 TRAFFJCKJNO JN PERSONS Cap.9:25 "(a) (e) (f) (g) (h) (i) UJ (k) that he or she has acquired through unlawful activity or knowing, believing or suspecting that it is the proceeds of crime; and"; (ii) in subsection (8), by the repeal of paragraph (a) and the substitution of"(a) by a fine not exceeding five hnndred thousand dollars (US$500 000) or not exceeding twice the value of the property involved or the gain derived by the offender, whichever is greater; or"; in section9 ("Terrorist financing offences")(i) in subsection (1), by the deletion in paragraph (b) of "to facilitate that person's activities related to terrorist acts or membership in a terrorist organization"; (ii) in subsection (4), by the deletion of"nol exceeding level fomteen" and the substitution of" not exceeding five hundred thousand dollars (US $500 000)"; in section 11 ("Obligation to disclose pl1ysical cross-border transportation of cunency, bearernegotiable instruments and precious metals or stones") (3) by the deletion of"not exceeding level eight" and the substitution of "uot exceeding one hundred thousand dollars (LIS $100 000)''; in section 14 ("Anonymous accounts and shell banks prohibited") (6) by the deletion of"not exceeding level foutteen" and the substitution of"not exceeding one hundred thousand dollars (US $100 000)"; in section15 ("Customer identification requirements") (2) by the inse1tion after paragraph (b) of the following paragraph"(bl) every legal practitioner involved in any of the following transactions for his or her client(i) the buying or selling of immovable propc11y or any interest in inm10vable prope1ty; (ii) the management of money, securities or other assets; (iii) the management of bank, savings or securities accounts; (i v) the organisation of contributions for the creation, operation or management of companies; (v) the creation. operation or management of legal persons or an·angement, and buying and selling of business entities;"; insection23 ("Failure to comply with Pa1tiofChapter Ill") by the deletion of "not exceeding level ten" and the substitution of "not exceeding one hundred thousand dollars (US $100 000)"; in section 28 ("Fail me to comply with Part 11 of Chapter Ill")····(i) by the deletion in subsection (1) of "not exceeding level ten" and the substitution of "not exceeding one hundred thousand dollm~ (US $100 000)"; (ii) by the deletion in subsection (2) of "not exceeding level ten" and the substitution of "not exceeding one hundred thousand dollars (US $100 000)"; in section30 ("Obligation to repott suspicious transactions")(i) by the repeal of subsection (I) and the substitution of''(!) Subject to subsections (2) and (3), financial institutions, designated non-financial businesses and professions, and their respective directors, principals, officers, pa1tners, professionals, agents and employees, that suspect or have reasonable grounds to suspect that any prope1ty or any transaction or attempt to effect a transaction- 50 DISTRIBUTED BY VERITAS e-mail: veritas@mango.zw website: www.veritaszim.net Veritas makes every effort to ensure the provision of reliable information, but cannot take legal responsibility for information supplied.