Mozambican government approves strategy to fight money laundering

18 April 2012

The Mozambican government has approved the national strategy to prevent and combat money laundering and funding for terrorism in Mozambique, Council of Ministers spokesman Alberto Nkutumula announced in Maputo.

The strategy’s goals will be achieved by adopting effective preventive and repressive measures against acts of money laundering and terrorism funding, as well as by firm application of international standards, Nkutumula said.

He explained that the strategy was based on four pillars comprising legislation, organic reorganisation of institutions, technical training for personnel and international co-operation.

Regarding legislation, the government aims to revise all relevant instruments to achieve “harmonisation of all national and international law linked to money laundering,” the Council of Ministers spokesman said, cited by Mozambique’s AIM news agency.

Government plans also include a parallel organic reorganisation of all public, financial, police and judicial institutions to ensure their readiness to fight against this crime as well as better institutional coordination. (macauhub)