{"id":1738,"date":"2021-07-01T15:48:48","date_gmt":"2021-07-01T15:48:48","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/?p=1738"},"modified":"2021-07-01T14:32:36","modified_gmt":"2021-07-01T14:32:36","slug":"mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais","title":{"rendered":"Central Bank gets \u20ac500,000 to fight financial crime"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong><a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a> &#8211; <a href=\"https:\/\/www.africa-press.net\/mozambique\">Mozambique<\/a>. <\/strong><\/span>A memorandum of understanding signed today between the Bank of Mozambique and the French Embassy addresses money laundering and financial crimes linked to terrorism. The MoU provides for the country to receive 500,000 euros, the equivalent of 38 million meticais, to fight terrorism and money laundering, O Pa\u00eds reports.<\/p>\n<p>The Governor of the Bank of Mozambique, Rog\u00e9rio Zandamela, said that the signing of the memorandum creates conditions to identify and mitigate activities related to the illicit circulation of capital in the country.<\/p>\n<p>Zandamela said it was urgent to strengthen the banking system to prevent and combat terrorism and money laundering.<\/p>\n<p>\u201cWe are aware of the exposure of our financial system to the risks of money laundering and terrorist financing, which makes the need to increasingly strengthen the mechanisms for identifying and combating this evil imperative,\u201d he said.<\/p>\n<p>Under the initiative, the central bank commits to making the implementation of the memorandum more flexible, through technical assistance, so that the country has a regulatory framework better suited to current challenges, as well as strategic guidance for the implementation of a more effective and comprehensive monitoring system.<\/p>\n<p>\u201cWe, as the central bank, will continue to mobilise our cooperation partners to improve the necessary technical and technological capacities to better respond to the challenges posed in the context of money laundering and terrorist financing,\u201d Zandamela concluded.<\/p>\n<p>Representing the French Development Agency (AFD), French ambassador to Mozambique David Izzo he hoped that the initiative would help the Mozambican banking system become more robust and better able to control the movement of illicit capital destined for terrorists.<\/p>\n<p>\u201cThis cooperation with the Bank of Mozambique is at the heart of our support against terrorism. We know that there is no unfunded terrorism, and that there are links between trafficking of all kinds, where money transfers are not tracked,\u201d Ambassador Izzo said.<\/p>\n<p>The \u20ac500,000 programme is to be implemented by Expertise France, a partner of the Agence Fran\u00e7aise de D\u00e9veloppement (AFD).<\/p>\n<p>\u201cOur desire is that this collaboration will bring innovative elements, which will make it possible to strengthen the Bank of Mozambique\u2019s surveillance systems and control resources, and at the same time, strengthen the development of technical skills in the fight against money laundering and the financing of terrorism\u201d, concluded Izzo.<\/p>\n<p>The memorandum of understanding signed this Wednesday in Maputo comes at a time when Mozambique, and the world generally, is confronted with the problem of financial crime funding terrorist actions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Mozambique. A memorandum of understanding signed today between the Bank of Mozambique and the French Embassy addresses money laundering and financial crimes linked to terrorism. The MoU provides for the country to receive 500,000 euros, the equivalent of 38 million meticais, to fight terrorism and money laundering, O Pa\u00eds reports. The Governor of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":1737,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-1738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Central Bank gets \u20ac500,000 to fight financial crime - Mozambique<\/title>\n<meta name=\"description\" content=\"A memorandum of understanding signed today between the Bank of Mozambique and the French Embassy addresses money launder ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank gets \u20ac500,000 to fight financial crime\" \/>\n<meta property=\"og:description\" content=\"A memorandum of understanding signed today between the Bank of Mozambique and the French Embassy addresses money launder ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais\" \/>\n<meta property=\"og:site_name\" content=\"Mozambique\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-01T15:48:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/07\/img-60ddd1513620f.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"438\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Central Bank gets \u20ac500,000 to fight financial crime\",\"datePublished\":\"2021-07-01T15:48:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais\"},\"wordCount\":416,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2021\/07\/img-60ddd1513620f.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/mozambique-central-bank-gets-e500000-to-fight-financial-crime-o-pais\",\"name\":\"Central Bank gets \u20ac500,000 to fight financial crime - 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