FATF expected to remove Mozambique from “grey list” in September

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FATF expected to remove Mozambique from “grey list” in September

7:25 CAT | 18 Aug 2025

Photo: Rádio Moçambique

Mozambique expects to come off the “grey list” of the Financial Action Task Force (FATF) during the assessment the group is expected to make of Mozambique’s measures against money laundering and terrorist financing at a meeting to be held in Maputo within a month.

The National Coordinator of the Executive Committee to Coordinate Policies against Money Laundering, Luis Cezerilo, told a Maputo press conference on Friday that Mozambique had accepted all the recommendations from the FATF. “We’ve reached the end”, he said, and he expected the meeting that will remove Mozambique from the grey list will be held on 8-9 September.

He expected that the visit to Mozambique by the FATF top leadership will mark the end of work that began over two years ago.

Mozambique, said Cezerilo, is in the final stages of complying with the recommendations from the seventh progress report for its removal from the grey list.

There had been 40 recommendations from the FATF and Cezerilo believed the Mozambican authorities have complied with all of them. “This is good for all of use, it’s good for the country, and it’s good for the institutions”, he said. “Today we are really a reference country for the FATF”.

The “grey list”, officially known as “Jurisdictions under Increased Monitoring” 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 include South Africa, Angola, Kenya, Algeria and Nigeria.

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.

Source: AIM