adminParliament yesterday started public hearings in Harare to solicit views on the Money Laundering and Proceeds of Crime Bill which seeks to question people leading posh lifestyles from inexplicable sources of income.
The new Bill seeks to empower law enforcement agents with powers to arrest those who fail to explain or hide useful information pertaining to the source of their wealth as they risk being jailed up to two years, while the tainted property will be forfeited to the State.
The Money Laundering and Proceeds of Crime Bill is being pushed at a time when Government moves to curb corruption, money laundering and tax evasion, among other vices.
The Parliamentary Portfolio Committee on Budget, Finance and Economic Development chaired by Cde Felix Mhona said yesterday they would conduct public hearings in Mutare before heading to Gweru en-route to Bulawayo. — Herald Reporter
Online Reporter
Bongani Ndlovu