The Insurance Supervision Institute of Mozambique held its fourth outreach seminar in Inhambane on preventing and combating money laundering and terrorist financing, aligned with the government’s 2023–2027 strategy covering money laundering, terrorist financing and proliferation financing. The event was framed as a way to disseminate the results of Mozambique’s National Risk Assessment and to reinforce the obligations of “obliged entities” under Law No. 11/2022. The programme focused on duties and procedures for entities authorised to conduct insurance business, managers of complementary pension funds, insurance and reinsurance intermediaries, and other entities subject to the Institute’s supervision. Officials linked the initiative to broader reforms, including strengthening compliance in sectors identified as highly vulnerable, and emphasised information-sharing, market-wide engagement and effective supervision as key elements of preventive measures. Attendance was directed at representatives from the insurance sector, pension funds, banks and magistrates, among others. The seminar was also presented as part of Mozambique’s strategy to be removed from the grey list approved by the Council of Ministers in December 2022.
Insurance Supervision Institute of Mozambique 2025-05-06
Insurance Supervision Institute of Mozambique holds seminar on AML CFT obligations and national risk assessment results
The Insurance Supervision Institute of Mozambique held its fourth outreach seminar in Inhambane, focusing on preventing money laundering and terrorist financing as part of the 2023–2027 strategy. The seminar aimed to disseminate the National Risk Assessment results and reinforce obligations under Law No. 11/2022 for entities under the Institute's supervision. This initiative is linked to broader reforms and Mozambique's strategy to be removed from the grey list approved by the Council of Ministers in December 2022.