– Failings in applying the law constitute the main weakness that keeps Mozambique at high risk of money laundering and financing of terrorism
By Aurélio Muianga
Maputo (MOZ TIMES) – The Financial Action Task Force (FATF) has deemed the reforms undertaken by the Mozambican government as insufficient to correct the strategic defects of the regime against money laundering, the financing of terrorism and the proliferation of weapons. The country thus remains on the FATF list of nations subject to strengthened controls, also known as the grey list.
The decision was taken at the FATF plenary meeting held in Paris on 23-25 October, at which Mozambique was represented by a delegation headed by the Deputy Finance Minister, Carla Alexandra do Rosário.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
