Mozambique: Government meets all indicators to be removed from ‘grey list’

Login

Register

http://www.clubofmozambique.com/

Mozambique: Government meets all indicators to be removed from ‘grey list’

3:20 CAT | 15 May 2025

Photo: Lusa

All the indicators which led to Mozambique’s inclusion in October 2022 on the Financial Action Task Force (FATF) “grey list” of unsatisfactory financial jurisdictions have been met, the Mozambican authorities announced today.

“We are waiting for the procedures for our removal from the grey list to be completed and our return to the normal situation we have always lived in, where our financial institutions, our reputational sense, the sense of foreign investors towards our nationals, everything returns, (…) where they look at us without us being money launderers,” said the national coordinator for the effort to remove Mozambique from the grey list, Luís Abel Cezerilo, at a press conference in Maputo.

The Mozambican authorities had previously stated that Mozambique’s removal from the grey list was pending compliance with the last of the 26 required actions, namely the submission to the FATF of the list of Non-Profit Organizations that move “large sums of money”, including data regarding the application of the amounts, with particular concern in Cabo Delgado and the terrorist groups that have been operating in the province since 2017.

Cezerilo stated that the negative image of the country in international financial institutions has been reversed, adding that all the indicators have already been met and now only “protocol procedures” are missing until the announcement of the removal from the list, which may be made in September, at a FATF meeting in Mozambique called to assess the country and others in the same situation.

“I can say that (…) the government complied, the FATF is a serious institution and consequently will not give any other reason not to remove us from the grey list,” declared Luís Abel Cezerilo, who is also the deputy director-general of the Financial Intelligence Office of Mozambique.

Mozambique was added to the list on October 22, 2022 for failing to eliminate deficiencies in the fight against money laundering and terrorist financing.

Source: Lusa