Mozambique's Ministry of Finance, through the State Financial Intelligence Office (GFiM), held an awareness-raising seminar in Inhambane province for sectors classified as designated non-financial businesses and professions (DNFBPs) on their duties to prevent and combat money laundering and terrorist financing, framed as part of the government’s work to remove the country from the Financial Action Task Force (FATF) grey list. At the 7 July seminar, GFiM Human Resources Director Pedro Mole linked grey-listing risks to reduced investor confidence and cited restrictions in currency circulation and shortages of foreign exchange for imports as recent examples of adverse effects. He highlighted FATF expectations around monitoring the circulation of national currency and value transactions, including electronic and physical forms, and supervising sectors such as casinos, bureaux de change, banking, real estate and insurance. The seminar also reflected an acknowledgement that these sectors had not been supervised in a timely and rigorous manner, prompting a push to enforce implementation of AML/CFT rules aimed at preventing illicit funds entering and being laundered through the economic and financial system.
Ministry of Finance (Mozambique) 2025-07-17
Mozambique's Ministry of Finance holds Inhambane seminar on DNFBP AML and CFT obligations to support exit from the FATF grey list
Mozambique's Ministry of Finance held a seminar in Inhambane to educate non-financial businesses on anti-money laundering and counter-terrorist financing. Part of efforts to exit the Financial Action Task Force grey list, it addressed grey-listing's impact on investor confidence and currency circulation, emphasizing improved supervision of sectors like casinos, bureaux de change, and real estate to prevent illicit funds.