ZIMBABWE’s economy lost an estimated US$6,15 billion in illicit proceeds from financial crimes between 2019 and 2024, translating to US$1,23 billion annually, latest figures show.According to the Financial Intelligence Unit (FIU) 2024 report, the figures underscore the impact of financial crime on the national economy.The FIU’s analysis of 16 predicate crimes identified six as the…
Financial crime costs Zimbabwe US$6 billion
“Estimates suggest the total proceeds could be as high as US$6,15 billion over the same period, equating to approximately US$1,23 billion annually. This figure represents 3,4 percent of Zimbabwe’s 2023 GDP of US$35,2 billion, underscoring the substantial impact of financial crime on the national economy,