Mozambique: Government begins fight against money laundering

5 December 2007

Maputo, Mozambique, 5 Dec – The Mozambican Office of Financial Information (Gifim), an institution that is aimed at combating money laundering activities, is due to start operating on January 9, 2008, a government spokesman said in Maputo Tuesday.

Speaking to journalists at the end of a Council of Ministers meeting, the government’s spokesman and Education Minister, Luís Covane, said that it was urgent that Gifim began operating “as, given the complexity of the criminal world, which is increasingly sophisticated, Mozambique must make efforts to join other countries in fighting this type of crime.”

“Gifim is an office that will work for Mozambique not to be a stage for illegal money laundering operations. It will collect and analyze information and make it reach the relevant institutions for controlling and combating money laundering. Therefore, it is a police-type institution, which will operate on a national level and will also act outside,” he said. (macauhub)