AML/CFT Activities

Mozambique AML CFT Activities

In October 2022, Mozambique was officially listed by the FATF as a Jurisdiction under increased monitoring.

This means that Mozambique will be actively working with the FATF to address the strategic deficiencies in its regime to counter money laundering, terrorist financing, and proliferation financing.

In November 2022, the EU Global Facility on AML/CFT conducted a scoping mission to Mozambique, following a request for technical assistance formulated by the country.

According to the last Mutual Evaluation Report relating to the implementation of anti-money laundering and counter-terrorist financing (AML/CFT) standards in Mozambique (2021), the African country was deemed Compliant for 3 and Largely Compliant for 7 of the FATF 40 Recommendations. It was deemed Highly Effective for 0 and Substantially Effective for 0 of the Effectiveness  & Technical Compliance ratings.

The training and activities conducted by the EU Global Facility on AML/CFT ¬†will seek to support Mozambique’s authorities’ efforts to improve the country’s anti-money laundering and counter-terrorist financing framework. as defined under the EU Fourth and Fifth Anti-Money Laundering Directives.

Bilateral Activities

Starting date
November 2022

Topics

  • Scoping mission