Money Laundering and Proceeds of Crime Act Act No. 4/2013 General, at his or her discretion, to refuse that country’s request for assistance on the same grounds.”. 106 Amendment of Cap. 11:21 The Suppression of Foreign and International Terrorism Act [Chapter 11:21] (No. 5 of 2007) is amended by the repeal of section 16 and the substitution of— “16 Application of Cap. [] and Cap. 24: 24 to property referred to in section 13 Where any property that may be the subject-matter of an offence under section 13— (a) consists of money, the Bank Use Promotion Act [Chapter 24:24] (No. 2 of 2004) shall apply to such property as if the offence were a cash detainable offence in terms of that Act; (b) consists of property other than money, the Money Laundering and Proceeds of Crime Act, 2013, shall apply to such property as if it were tainted or terrorist property in terms of that Act.”. 107 Amendment of Cap. 24:02 The Building Societies Act [Chapter 24:02] is amended— (a) in section 57 (“Directors and chief executive officer”) by the repeal of subsection (5) and the substitution of— “(5) No person shall exercise any of the function of a director following his or her appointment or re-appointment as a director, unless his or her appointment or reappointment, as the case may be, has been approved by the Registrar: Provided that this subsection shall not apply to a person who was a director immediately before the date of commencement of the Money Laundering and Proceeds of Crime Act, 2013, until his or her current term as a director comes to an end. (6) An application for approval under subsection (5) shall be made in writing to the Registrar and shall provide such information as may be prescribed or as the Registrar may reasonably require. (7) The Registrar shall without delay consider every application made to him or her under subsection (5), and within two weeks after receiving it shall notify the applicant, in writing— (a) of his or decision on the application; and (b) if he or she refuses to approve the appointment of the person concerned, of his or her reasons for so refusing; unless the applicant consents to an extension of the two-week period. (8) The Registrar shall approve the appointment or re-appointment of a person as director unless the Registrar believes on reasonable grounds that the person— (a) is disqualified for appointment in terms of section fifty-nine or in terms of the rules of the society concerned; or (b) has knowingly been involved, whether in Zimbabwe or elsewhere, in money-laundering or financing terrorist activities as defined in the Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24:24]; or (c) is otherwise not a fit and proper person to be a director. (9) If the chief executive officer of a society becomes aware of— (a) any material change in the information that was provided to the Registrar in terms of subsection (6) in regard to a director; or (b) any fresh information concerning a director; - 70 -