Money Laundering and Proceeds of Crime Act Act No. 4/2013 “precious stone” means any diamond or emerald, or any other substance which is, in terms of the Precious Stones Trade Act [Chapter 21:06] is declared to be a precious stone for the purposes of that Act; “unmanufactured”, in relation to a precious metal or precious stone, means not embodied in or not constituting any article of commerce, item of jewellery or work of art, “manufactured” shall be construed accordingly. 11 Obligation to disclose physical cross-border transportation of currency, bearer negotiable instruments and precious metals or stones (1) Any person who enters or leaves Zimbabwe in possession of— (a) currency equal to or exceeding fifteen thousand United Sates dollars (or such lesser or greater amount as may be prescribed); (b) bearer negotiable instruments of a value equal to or exceeding fifteen thousand United Sates dollars (or such lesser or greater amount as may be prescribed); (c) unmanufactured precious metals or precious stones; or (d) manufactured precious metals or precious stones in such a quantity as cannot reasonably be attributable to the personal use of the person, or of the members of his or her immediate family (whether or not such family members are travelling with him or her); or arranges for the transportation of any such items into or out of Zimbabwe by cargo, courier, postal service or any other means, shall disclose such items to a customs official or inspector upon being requested to do so. (2) Where disclosure under subsection (1) is made to an officer of the Zimbabwe Revenue Authority, such disclosure (together with all relevant details of the person making the disclosure) shall be recorded by the officer, and the Zimbabwe Revenue Authority shall provide access to this information to an inspector on request. (3) Any person who intentionally or by gross negligence fails to make any disclosure that he or she is requested to make under subsection (1), or makes a disclosure that is false in any material particular, or fails to make a full material disclosure, commits an offence and is liable to a fine not exceeding level eight or to imprisonment for a period not exceeding twelve months or both such fine and such imprisonment. 12 Seizure, detention and forfeiture of currency, bearer negotiable instruments and precious metals or stones (1) The Unit or any inspector or officer of the Zimbabwe Revenue Authority may seize or detrain part of or the whole amount of the items referred to in section 11(1)(a) to (d) — (a) where an offence under section 11(3) is committed or is reasonably suspected; or (b) whether or not disclosure of the items is made, if there are reasonable grounds for suspecting that such items are the proceeds of crime, terrorist property or an instrumentality used or intended for use in the commission of an offence. (2) Property seized under subsection (1) shall not be detained for more than seventy-two hours after seizure, unless a magistrate or justice of the peace, upon being satisfied that— (a) the person from whom it was seized failed to make any disclosure of it that he or she was requested to make under section 11(1), or made a disclosure of it that was false in any material particular, or failed to make a full material disclosure of it; and (b) the continued detention of the property is justified while— (i) its origin or derivation is further investigated; or (ii) consideration is given to the institution in Zimbabwe or elsewhere of criminal proceedings against any person for an offence with which the seized property is connected; - 18 -