Posted: 09, Nov 18
ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Mozambique on Anti-Money Laundering and Counter-Terrorist Financing Measures.Download Document
Posted: 01, Sep 18
The ESAAMLG Council of Ministers approved and adopted the mutual evaluation report for the Republic of Mozambique in September 2011. The report was prepared by ESAAMLG experts and was fully discussed and adopted by the ESAAMLGTask Force of Senior Officials in April 2011, before its approval by the Council of Ministers.
The report summarises the AML/CFT framework in the Republic of Mozambique and the commitment of the Government of the Republic of Mozambique to set-up a well developed AML/CFT regime which meets the FATF standards.
Law 7/2007 enacted on 5 February 2002 and Law 14/2007, which came into force on 27 June 2007 are the main laws which support the AML legal framework in the Republic of Mozambique. Decree 37/2004, which provides for AML regulations, was issued on 8 September 2008 to enable the implementation of Law 7/2002. Law 7/2002 criminalises the offence of ML, sets out preventive measures applicable to financial institutions and their AML obligations. Law 14/2007 provides for the establishment of a Financial Intelligence Unit, its powers and functions.
The offence of terrorist financing is not criminalized in the Republic of Mozambique.
The report identifies the areas of deficiencies in the Republic of Mozambique's AML/CFT framework. For these areas, the report makes detailed recommendations on how the Republic of Mozambique can address them and comprehensively strengthen its AML/CFT regime to meet international standards. The recommendations provide short and medium term measures which the Republic of Mozambique can take to address the deficiencies.
November 2011Download Document
Posted: 09, Jan 17
|Memorandum of Understanding|
|Trends and Methods|
|Country National Strategies|
|Compliance and Financial Inclusion|