The Insurance Supervision Institute of Mozambique published an update linking Mozambique’s anti-money laundering and counter-terrorist financing (AML/CFT) reform efforts to a cooperation protocol designed to support information exchange and investigations relevant to the insurance sector. The note recalls that Mozambique was assessed in November 2019 by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) against the Financial Action Task Force (FATF) 40 Recommendations and for effectiveness, with areas identified for improvement. It states that the government is implementing mechanisms aimed at removing Mozambique from the FATF list of jurisdictions under increased monitoring, and presents the cooperation protocol as one of the initiatives, providing for inter-party cooperation, information sharing and investigative collaboration on money laundering, terrorist financing and related crimes under the law. A senior official also highlighted the protocol’s role in supporting the introduction of new AML/CFT concepts in the insurance sector through technical training and application of existing regulation.
Insurance Supervision Institute of Mozambique 2025-05-05
Insurance Supervision Institute of Mozambique highlights cooperation protocol to strengthen AML CFT information sharing and insurance sector capability
The Insurance Supervision Institute of Mozambique announced a cooperation protocol to enhance information exchange and investigations in the insurance sector, supporting AML/CFT reforms. This initiative addresses areas for improvement identified by ESAAMLG and assists Mozambique in exiting the FATF list of jurisdictions under increased monitoring. The protocol also introduces new AML/CFT concepts through technical training and regulatory application.