The Kimberley Precious Metals and Gems Process Management Unit (UGPK) will now have financial and asset autonomy, and to this end the government approved the document on Tuesday (30) that revises decree no. 64/2021, of 1 September, which addresses the terms of the creation of the entity.
“The revision of the decree aims to give the Kimberley Precious Metals and Gems Process Management Unit financial and asset autonomy,” said a document released after a session of the Council of Ministers.
The Unit is a public institution subordinate to the Ministry of Mineral Resources and Energy, created with the mission of guaranteeing legality in the tracking of production, imports and exports, preventing the illegal commercialisation of rough diamonds, precious metals and gems, as well as ensuring compliance with the rules governing the Kimberley Process and the Certification System.
By adopting the Kimberley Process, Mozambique has joined international mechanisms aimed at preventing illegal diamonds from financing conflicts.
At the end of last year, the UGPK and the Bank of Mozambique signed a memorandum of understanding establishing inter-institutional coordination mechanisms in matters of preventing and combating money laundering, terrorist financing and the proliferation of weapons of mass destruction.
