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MUTUAL EVALUATIONS


2ND FUR OF MOZAMBIQUE-JULY 2023.

This Follow up Report (FUR) sets out Mozambique’s progress in strengthening anti-money laundering and counter terrorist financing measures. Mozambique has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report in 2021. In line with the ESAAMLG’s Second Round Procedures for Mutual Evaluations and Follow up Process, the country has reported back to the ESAAMLG on the action it has taken since its 2021 MER. Since its 2021 mutual evaluation, Mozambique has made progress in addressing some of the technical compliance deficiencies identified in its MER. ESAAMLG considered information provided in support of the request for re-rating of Recommendations 1, 4, 6, 7, 8, 14, 15, 19, 20, and 26 and made the following conclusions: Upgrade R.4 and R.20 from PC to C; Upgrade R.1 from PC to LC; Upgrade Recommendations 6, 7, 14, 15, 19 and 26 from NC to PC; and mmaintain R.8 as NC. Mozambique will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures.

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 Posted:  05, Dec 23


MUTUAL EVALUATION REPORT OF MOZAMBIQUE- JUNE 2021.

ESAAMLG has completed its assessment of Mozambique’s anti-money laundering and counter-terrorist and proliferation financing (AML/CFT) system. The Mutual Evaluation Report of Mozambique comprehensively reviews the effectiveness of Mozambique’s measures and its level of compliance with the FATF Recommendations. The Council of Ministers of ESAAMLG adopted this report through a round robin process on 14 June 2021.

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 Posted:  17, Jun 21


POST EVALUATION PROGRESS REPORT OF MOZAMBIQUE-2018.

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 Posted:  09, Nov 18


POST EVALUATION PROGRESS REPORT OF MOZAMBIQUE-2017.

ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Mozambique on Anti-Money Laundering and Counter-Terrorist Financing Measures.

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 Posted:  01, Sep 18


MUTUAL EVALUATION REPORT FOR THE REPUBLIC OF MOZAMBIQUE.

The ESAAMLG Council of Ministers approved and adopted the mutual evaluation report for the Republic of Mozambique in September 2011. The report was prepared by ESAAMLG experts and was fully discussed and adopted by the ESAAMLG

Task Force of Senior Officials in April 2011, before its approval by the Council of Ministers.

The report summarises the AML/CFT framework in the Republic of Mozambique and the commitment of the Government of the Republic of Mozambique to set-up a well developed AML/CFT regime which meets the FATF standards.

Law 7/2007 enacted on 5 February 2002 and Law 14/2007, which came into force on 27 June 2007 are the main laws which support the AML legal framework in the Republic of Mozambique. Decree 37/2004, which provides for AML regulations, was issued on 8 September 2008 to enable the implementation of Law 7/2002. Law 7/2002 criminalises the offence of ML, sets out preventive measures applicable to financial institutions and their AML obligations. Law 14/2007 provides for the establishment of a Financial Intelligence Unit, its powers and functions.

The offence of terrorist financing is not criminalized in the Republic of Mozambique.

The report identifies the areas of deficiencies in the Republic of Mozambique's AML/CFT framework. For these areas, the report makes detailed recommendations on how the Republic of Mozambique can address them and comprehensively strengthen its AML/CFT regime to meet international standards. The recommendations provide short and medium term measures which the Republic of Mozambique can take to address the deficiencies.

ESAAMLG

November 2011

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 Posted:  09, Jan 17