4 ACT To promote the use and suppress the abuse of the banking system; to enable the unlawful proceeds of all serious crime including drug trafficking to be identified, traced, frozen, seized and eventually confiscated; to establish a Bank Use Promotion and Suppression of Money Laundering Unit; to require financial institutions and cash dealers to take prudential measures to help combat money laundering; and to provide for matters connected with or incidental to the foregoing. ENACTED by the President and Parliament of Zimbabwe. [Date of commencement: 17th February 2004 (except for Part IV); Part IV - not yet in force. PART I PRELIMINARY 1 Short title and commencement (1) This Act may be cited as the Bank Use Promotion and Suppression of Money Laundering Act [Chapter 24:24]. (2) Part IV shall come into operation on a date to be fixed by the President by statutory instrument, and the remainder of the Act shall come into operation on the day of its publication in the Gazette. 2 Interpretation In this Act⎯ “account” means any facility or arrangement by which a financial institution does any one or more of the following⎯ (a) accepts deposits of currency; (b) allows withdrawals of currency or transfers into or out of the account;