Mozambique is stepping up efforts to combat money laundering and terrorist financing by implementing an intensive training program. The program, which began on March 25 and will run until March 28 in the central city of Beira, brings together police authorities, regulators and non-financial institutions.
The initiative is part of Mozambique’s broader strategy to get off the Financial Action Task Force (FATF) gray list and meet global financial compliance standards. The aim is to strengthen the country’s defenses against terrorist financing and the proliferation of weapons of mass destruction.
Marina Macamo, spokesperson for the Provincial Office for Combating Corruption, highlighted the importance of the training in strengthening Mozambique’s internal capacities to combat financial crimes. She emphasized the need to strengthen the national financial system to prevent and combat money laundering and terrorist financing, as well as to provide training on the National Risk Assessment (ANR).
Inclusion on the FATF grey list can affect international financial relations and the economic development of any nation, so participation in this program is seen as a crucial step towards removing Mozambique from this list and strengthening the country’s position in the fight against financial crimes.
