Staff Writer
The net is slowly closing in on Prophet Eubert Angel and Ewan Macmillan following a recent Insurance and Pensions Commission (IPEC) directive for insurance companies to supply details of the duo’s assets directly and indirectly owned in the next 48 hours.
The duo made headlines recently in snippets of a yet to be screened Aljezeera documentary set to expose corruption in Zimbabwe’s gold mining sector.
But in an update, IPEC directed all insurance companies to furnish the regulator with details of insured assets belonging to the duo.
“We are required in terms of the Money Laundering and Proceeds of Crime Act (MLPCA) to coordinate with Financial Intelligence Unit (FIU) in the assessment of the money laundering and terrorist financing risks to which the country is exposed.
“Pursuant to the above, we are in receipt of urgent communication from the FIU requesting all industry players to assist with information on insurance products , insured assets held or disposed by the above mentioned individuals directly or indirectly through companies or trusts during the period January 1 2020 and March 21 2023,” IPEC commissioner general, Grace Muradzikwa said in notice to all insurance companies.
“You are therefore required to submit your responses to within the next 48 hours, latest by midday Thursday March 23 2023.The information is confidential in terms of section 31 of MLPC Act and therefore should be regarded as such. Your usual cooperation will be greatly appreciated,” statement added.
