Mozambique complies with measures to come off FATF grey list – AIM | Watch

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Mozambique complies with measures to come off FATF grey list – AIM | Watch

5:46 CAT | 16 May 2025

Photo: AIM

Mozambique’s Executive Committee for the Prevention of Money Laundering and Terrorist Financing announced in Maputo on Thursday that the country has complied with all the recommendations from the international Financial Action Task Force (FATF), which is the key condition for it to be removed from the FATF Grey List.

The Grey List consists of jurisdictions which the FATF believes have weak measures to combat money laundering and terrorist financing (AML/CFT), and says so in at least two FATF public documents, which are issued three times a year.

As of February 2025, the FATF had reviewed 139 countries and jurisdictions and publicly identified 114 of them. Of these, 86 have since made the necessary reforms to address weaknesses in dealing with money laundering and terrorist financing and have been removed from the list.

Those countries which refuse to make reforms, could be transferred to the FATF “black list”. Currently, there are only three countries on the black list – North Korea, Myanmar and Iran.

There are currently 25 countries on the grey list. Six of them are in southern Africa. In addition to Mozambique, they are Angola, Democratic Republic of Congo, South Africa, Namibia and Tanzania.

According to the National Coordinator of Mozambique’s Executive Committee for the Prevention of Money Laundering and Terrorist Financing, Luis Cezerilo, the Mozambican government has opted for “pragmatism and realism”. The results have been validated, and it is expected that by June, the Council of Ministers (Cabinet) will ratify the results.

There were 26 measures in a Plan of Action approved by the FATF and the government and all of them have been implemented. Cezerilo said the final report on these measures was received on Wednesday.

He added that in September, Mozambique will host a meeting of an FATF High Level Committee.

Cezerilo said this meant that Mozambique has now overcome its “negative reputation”.

“We are just waiting for protocol procedures to come off the grey list and return to the normal situation in which we used to live, in which we are not seen as a country of money launderers”, he said.

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