Money Laundering and Proceeds of Crime Act Act No. 4/2013 which, the names and addresses of the directors or members of the board or other governing body of the corporate body are disclosed; and (ii) the memorandum and articles of association of the a corporate body or equivalent documents constituting the corporate body and disclosing the names and addresses of the founding members, shareholders or stakeholders of the corporate body; “originator” means the account holder, or where there is no account, the person that places the order with a financial institution to perform a wire transfer; “politically-exposed person” means— (a) any person who is or has been a “public officer” as defined in section 169 of the Criminal Law Code6; or (b) any person who is or has been a manager, chief executive officer, chief financial officer, corporate secretary, member of a board of directors or holder of a similar post in any statutory corporation or State-controlled company; (c) any person who is or has been a senior office-bearer in a political party in any country, and shall include any immediate family member or close associate of any of the foregoing persons; “prescribed transaction” means a transaction referred to in section 5(1) or (2) in respect of which requires customer identification and verification; “senior management”, in relation to— (a) a financial institution, means a person not lower in rank than the chief executive officer of that institution (by whatever title that person is designated), or the most senior executive officer of that institution in Zimbabwe in the case of a financial institution whose head office is located outside Zimbabwe; (b) a designated non-financial business or profession, means a person not lower in rank than a senior partner or the chief executive officer of that business or profession (by whatever title that person is designated), or the most senior partner or most senior executive officer of that business or profession in Zimbabwe in the case of a business or profession whose head office is located outside Zimbabwe; “shell bank” means a bank that has no physical presence in the country in which it is incorporated and licensed or registered, but does not include a bank of that description which is wholly owned by one or more financial institutions forming part of a regulated financial services group that is subject to effective consolidated supervision; “suspicious transaction report” means a report required to be made under section _____ 7 ; “transaction” means a purchase, sale, loan, pledge, gift, transfer, delivery or other disposition, or the arrangement thereof, and includes but is not limited to— (a) opening of an account; 6 7 Section 169 of the Criminal Law Code, definition is: “public officer” means⎯ (a) a Vice-President, Minister or Deputy Minister; or (b) a governor appointed in terms of an Act referred to in section 111A of the Constitution; or (c) a member of a council, board, committee or other authority which is a statutory body or local authority or which is responsible for administering the affairs or business of a statutory body or local authority; or (d) a person holding or acting in a paid office in the service of the State, a statutory body or a local authority; or (e) a judicial officer; (sic) Presumably section 30 was intended. - 22 -