Mozambique: Government failed to repay 3.4 billion meticais of debt
Mozambique: PGR and ARC sign agreement on financial crimes
10:27 CAT | 31 Jul 2024
Photo: AIM
The Mozambican Attorney General’s Office (PGR) and the Competition Regulatory Authority (ARC) have signed a memorandum of understanding aimed at boosting the prevention and investigation of financial crimes.
According to Iacumba Aiuba, the Chairperson of the ARC Board of Directors, the agreement, signed in Maputo on Wednesday, will contribute to the defense of consumer interests, since it creates measures to address crimes that jeopardize consumers.
“It opens space for the training of public prosecutors in matters of economic regulation, and competition law, as well as training for ARC staff in civil and criminal investigation techniques”, he said. “The ARC will make available to the PGR public documents linked to matters of merger control, market monitoring and actions to promote and defend competition”.
He also said that collaboration will make a significant contribution to combating practices harmful to the economy, such as money laundering.
“It is our conviction that with this collaboration we will achieve positive results in the fight against money laundering and other related crimes, as well as the investigation of practices that restrict competition in public procurement, collusion between competitors in public procurement procedures and the actions of agents and civil servants assigned to procurement units”, he said.
For his part, the Secretary General of the PGR, Agostinho Rututo, said that the agreement will open space for mutual advice, technical assistance and exchange of information, including legal and scientific documents for criminal investigation.
Source: AIM
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