{"id":115108,"date":"2026-02-10T13:24:13","date_gmt":"2026-02-10T11:24:13","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering"},"modified":"2026-02-10T15:42:13","modified_gmt":"2026-02-10T13:42:13","slug":"seczim-teams-up-with-universities-to-combat-money-laundering","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering","title":{"rendered":"SecZim teams up with universities to combat money laundering"},"content":{"rendered":"

Africa-Press – Zimbabwe. <\/strong><\/span>THE Securities Exchange Commission of Zimbabwe (SecZim) has partnered with local universities to develop technology-driven systems aimed at improving prudential supervision and combating money laundering (AML).<\/p>\n

The initiative arose from a recent competition in which universities created innovative ICT solutions to address regulatory challenges. SecZim said the competition is part of a broader strategy to invest in young innovators and build a new generation of professionals capable of supporting a transparent, efficient, and technology-led capital market.<\/p>\n

The competition was open to all universities in Zimbabwe, with four institutions \u2014 University of Zimbabwe, Midlands State University (MSU), Harare Institute of Technology (HIT), and the National University of Science and Technology (NUST) \u2014 qualifying. HIT and NUST progressed to the finals, each receiving US$15 000.<\/p>\n

NUST won first prize for its AML Risk-Based Supervision prototype and placed second in Prudential Risk-Based Supervision, while HIT claimed first in Prudential Risk-Based Supervision and second in AML.<\/p>\n

SecZim commissioner and non-executive director Tichaona Mushambadope said the initiative demonstrates how partnerships between regulators and universities can produce home-grown solutions tailored to Zimbabwe\u2019s financial sector.<\/p>\n

He said the competition process was guided by capital market regulations, with prototypes subjected to a rigorous vetting and adjudication process involving sister organisations and relevant government ministries.<\/p>\n

\u201cThe solutions that emerged are tailor-made for the Zimbabwean environment, and the students clearly understood the challenges that exist and proposed systems that fit hand in glove with our regulatory needs,\u201d Mushambadope said.<\/p>\n

NUST Computer Science Department head Sibangiso Ngwenya praised his team\u2019s efforts.<\/p>\n

\u201cWhen SecZim presented the challenges it was facing, we were inspired to act and apply our skills and knowledge to address money laundering issues in Zimbabwe,\u201d he said.<\/p>\n

Ngwenya said the prototype was developed collaboratively by students and staff, adding that winning the competition validated the university\u2019s approach to problem-solving.<\/p>\n

\u201cThis solution has the potential to reduce financial crime and strengthen confidence in financial transactions, both in the public and private sectors,\u201d he<\/p>\n

said.<\/p>\n

\u201cIt also shows that Zimbabwe can develop its own solutions instead of relying on expensive foreign systems.<\/p>\n

\u201cSo, when SecZim actually introduced the challenges that they were facing, we were inspired to get into action because we wanted to actually use our skills and knowledge to solve the challenges that Zimbabwe is facing.\u201d<\/p>\n

Tawanda Makombe, from HIT\u2019s Business and Management Sciences, said the competition offered valuable student experience in teamwork and strategic problem-solving.<\/p>\n

\u201cAnd these solutions enabled SecZim to have something that is automated, and we hope these systems are going to reduce some loopholes and increase efficiency in terms of the uses of resources,\u201d he said.<\/p>\n

By combining regulatory oversight with local innovation, SecZim and Zimbabwean universities are pioneering home-grown, technology-driven solutions to tackle money laundering and improve prudential supervision, strengthening confidence in the country\u2019s financial system.<\/p>\n

For More News And Analysis About Zimbabwe<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zimbabwe. THE Securities Exchange Commission of Zimbabwe (SecZim) has partnered with local universities to develop technology-driven systems aimed at improving prudential supervision and combating money laundering (AML). The initiative arose from a recent competition in which universities created innovative ICT solutions to address regulatory challenges. SecZim said the competition is part of a […]<\/p>\n","protected":false},"author":84,"featured_media":115107,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,12],"tags":[19],"class_list":["post-115108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-zimbabwe"],"yoast_head":"\nSecZim teams up with universities to combat money laundering - zimbabwe<\/title>\n<meta name=\"description\" content=\"THE Securities Exchange Commission of Zimbabwe (SecZim) has partnered with local universities to develop technology-driv ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SecZim teams up with universities to combat money laundering\" \/>\n<meta property=\"og:description\" content=\"THE Securities Exchange Commission of Zimbabwe (SecZim) has partnered with local universities to develop technology-driv ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2026-02-10T11:24:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-02-10T13:42:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/02\/sm_1770730846.057892.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"SecZim teams up with universities to combat money laundering\",\"datePublished\":\"2026-02-10T11:24:13+00:00\",\"dateModified\":\"2026-02-10T13:42:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering\"},\"wordCount\":485,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2026\/02\/sm_1770730846.057892.jpg\",\"keywords\":[\"Zimbabwe\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/seczim-teams-up-with-universities-to-combat-money-laundering\",\"name\":\"SecZim teams up with universities to combat money laundering - 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