Mozambique’s Financial Intelligence Unit, GIFiM, receives more than 4,000 reports of suspected transactions each year under the country’s anti-money laundering and counter-financing legislation.
The figure was disclosed by Paulo Munguambe, Director of Legal Services, Research and Cooperation at GIFiM, who explained that the reports correspond to transactions that raise concerns among institutions required by law to flag suspicious financial movements. “When it comes to reports of genuinely suspicious transactions, we are talking about approximately 4,000 submissions per year,” Munguambe said.
The total volume of information received by GIFiM is considerably higher when automatic threshold-based notifications are included — filings triggered when transaction values reach legally defined limits, regardless of whether any illicit activity is suspected. Financial institutions are required to report cash transactions equal to or exceeding 250,000 meticais, while electronic transfers of 750,000 meticais or more are subject to the same mandatory reporting obligation.
These disclosures must be made irrespective of whether the transaction displays any signs of irregularity. According to Munguambe, when all mandatory threshold-based notifications are factored in, the total number of filings received by GIFiM rises to several hundred thousand per year.
Banks, insurance companies, and real estate agencies are among the entities required to report certain transactions to GIFiM as part of the oversight mechanisms designed to prevent the circulation of illicitly sourced funds.
The distinction between the two categories of reporting is considered fundamental. While transactions exceeding legal thresholds are automatically reported, suspicious transaction reports result from the identification of financial movements displaying characteristics considered abnormal or inconsistent with a client’s established profile.
GIFiM is the body responsible for receiving, analysing, and processing financial intelligence related to suspected money laundering and other financial crimes in Mozambique.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/08/03/economia/financas/gifim-recebe-mais-de-4-mil-participacoes-de-operacoes-suspeitas-por-ano/
