Maputo, 13 Feb (AIM) – The Mozambican authorities claim that the country has already complied with 25 of the 26 recommendations demanded by the Financial Action Task Force (FATF) in order to remove it from its “Grey List” for presenting weaknesses in the fight against money laundering and financing of terrorism.
In 2023, the Government approved a Strategy for the Removal of Mozambique from the “grey list” (2022 – 2024).
According to Luís Cezerilo, national chairperson of the Executive Committee for the Coordination of Policies to Fight Money Laundering and Terrorism Financing, speaking to reporters on Wednesday, in Maputo, the 26th recommendation will be answered by 7 March, the date set for submitting the final report to the FATF.
This recommendation concerns not-for-profit organisations and the potential risks they present. Cezerilo explained that NGOs have already been warned to categorize their areas of activity, to determine the level of risk of money laundering, as the FATF requires.
“The is already an action plan in place for this purpose, which includes checking that all the governance systems are functioning in the aspects related to the ‘Grey List’ so that, when it comes to the evaluation, everyone is speaking the same language”, he said.
He added that the action plan aims at preventing the country from being kept on this list and that all the institutions are committed to the FATF recommendations.
“Mozambique will never be blacklisted by the FATF as long as it maintains its current level of compliance with the measures issued by the organization”, declared Cezerilo.
(AIM)
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