Maputo, 24 Oct (AIM) – The Financial Action Task Force (FATF) has removed Mozambique from the “grey list”, officially known as “Jurisdictions under Increased Monitoring” which includes countries identified by the FATF as having strategic deficiencies in their measures to counter money laundering and the financing of terrorism.
Countries on this list are subject to increased monitoring and scrutiny by the FATF. The list is intended to serve as a warning to the countries concerned to improve their performance and comply with international standards.
The number of countries on the grey list had fallen to 24 by July. In addition to Mozambique, they included South Africa, Angola, Kenya, Algeria and Nigeria.
A plenary session of the FATF, held in Paris, on Friday morning informed the Mozambican authorities that the country has been removed from the Grey List.
Cited by the independent newssheet “Carta de Mocambique”, the National Coordinator of the Executive Committee to Coordinate Policies against Money Laundering, Luis Cezerilo, said “at 09.30 Paris time, the FATF plenary, by a unanimous vote of all organisations and countries, removed Mozambique from the Grey List”.
Cezerilo, who is also deputy general manager of Mozambique’s Financial Intelligence Office (Gifim), said the plenary also took South Africa and Burkina Faso off the list.
Mozambique was included on the Grey List in 2022, but in mid-2025, the government assured journalists that it has complied with all the recommendations from the FATF to ensure its removal from the list.
Back in June, Mozambican Finance Minister Carla Louveira declared “Mozambique has already complied with the 26 actions in the FATF plan, and this has led the FATF to recognise the capacity of Mozambican institutions to prevent and fight against money laundering and the financing of terrorism”.
The FATF also has a “black list” of countries. In these cases, other jurisdictions can be called upon to apply counter-measures to protect the international financial system from the money laundering or terrorist financing emanating from the blacklisted countries. Currently, only three countries are on the black list – North Korea, Iran and Myanmar.
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