Mozambique supreme court promoted a 2-day seminar of magistrates on the “Harmonization of Procedures in the Processing of Money Laundering, Terrorism, and Terrorism Financing” early this week.
The event was part of Mozambique’s efforts to comply with the FATF recommendations to remove the country from the list of jurisdictions under increased monitoring. Mozambique has recently reviewed legislation to address Money Laundering and Terrorism Financing, and the event furthered the knowledge about how the judiciary will carry out assessments of the risks of Money Laundering and Terrorism Financing and develop a strategy based on the risk of these types of crimes going forward.
According to the President of the supreme court, “These circumstances demand from the judiciary an increased responsibility in the (speedy) processing of processes leading to the judgment of money laundering, terrorism, and terrorist financing processes, in the courts of first and second instance.”
The Supreme Court issued a Directive (no. 01/2023, of January 25th) and held the Seminar to socialize information and ensure implementation, as well as to kick off the adoption of a procedural processing approach in crimes involving money laundering, terrorism, and terrorist financing, without neglecting asset recovery measures and property by the courts.
The event had the support of the European Union, and the World Bank and was co-organized by the country’s coordination unit created earlier in the year to coordinate the Government efforts to remove Mozambique from the gray list.
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