{"id":35102,"date":"2023-03-06T11:01:14","date_gmt":"2023-03-06T11:01:14","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets"},"modified":"2023-03-06T11:24:29","modified_gmt":"2023-03-06T11:24:29","slug":"world-bank-warns-of-grey-list-difficulties-in-accessing-markets","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets","title":{"rendered":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s placement on the international \u201cgrey list\u201d of risk of money laundering and terrorism financing.<\/p>\n

\u201cGetting off the list is necessary to promote access to international financial markets, continue to attract foreign investment and participate in international trade,\u201d said Julian Casal, World Bank financial sector specialist.<\/p>\n

Casal was speaking at the opening of a seminar for magistrates in Maputo.<\/p>\n

The situation could damage the country\u2019s reputation as a reliable and trustworthy partner, causing long-term implications for economic growth and development, he added.<\/p>\n

Casal called on the authorities to promote a stable and transparent financial system and a greater commitment to international conventions on combating money laundering and terrorism financing.<\/p>\n

Addressing the magistrates present at the training session that began today, that World Bank official urged judicial operators to \u201cenforce and interpret the country\u2019s laws and regulations related to anti-money laundering and combating the financing of terrorism\u201d.<\/p>\n

\u201cInvestigating and prosecuting financial crime cases and imposing appropriate penalties on those found guilty and interpreting laws and regulations related to money laundering and countering the financing of terrorism\u201d are also fundamental actions, he stressed.<\/p>\n

On the other hand, he continued, it is necessary for the country to adopt new laws and regulations to be more effective in the fight against these types of crimes.<\/p>\n

Mozambique\u2019s minister of economy and finance, Max Tonela, expressed the government\u2019s determination to undertake actions aimed at removing Mozambique from the grey list.<\/p>\n

\u201cWe are committed to resolving the shortcomings identified and improving our contribution to strengthening the international financial system,\u201d Tonela said.<\/p>\n

In that sense, he went on, the authorities are working for the country to be removed from that list within 24 months, which involves implementing a strategy agreed upon with the Financial Action Task Force (FATF), which manages the list.<\/p>\n

According to the minister of economy and finance, it is also essential to strengthen international cooperation to combat money laundering and financing of terrorism.<\/p>\n

He also advanced the imperative of creating an executive multi-sector coordination committee involving relevant State institutions.<\/p>\n

\u201cIt is important to note that to be removed from this list, Mozambique must demonstrate significant progress through evidence, and the judicial system plays a critical role in this framework,\u201d stressed Max Tonela.<\/p>\n

Mozambique was placed on the FATF \u201cgrey list\u201d in October 2022 after institutional weaknesses were detected in the mechanisms to combat money laundering and terrorism financing.<\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s placement on the international \u201cgrey list\u201d of risk of money laundering and terrorism financing. \u201cGetting off the list is necessary to promote access to international financial markets, continue to attract foreign investment and participate […]<\/p>\n","protected":false},"author":84,"featured_media":35101,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-35102","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nWorld Bank warns of \u2018grey list\u2019 difficulties in accessing markets - Mozambique<\/title>\n<meta name=\"description\" content=\"The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s pla ...\" \/>\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\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets\" \/>\n<meta property=\"og:description\" content=\"The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s pla ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\" \/>\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=\"2023-03-06T11:01:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-03-06T11:24:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"540\" \/>\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\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets\",\"datePublished\":\"2023-03-06T11:01:14+00:00\",\"dateModified\":\"2023-03-06T11:24:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\"},\"wordCount\":435,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\",\"name\":\"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets - Mozambique\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg\",\"datePublished\":\"2023-03-06T11:01:14+00:00\",\"dateModified\":\"2023-03-06T11:24:29+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s pla ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg\",\"width\":720,\"height\":540,\"caption\":\"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/mozambique\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#website\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/\",\"name\":\"Mozambique\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets - Mozambique","description":"The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s pla ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets","og_locale":"en_US","og_type":"article","og_title":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets","og_description":"The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s pla ...","og_url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets","og_site_name":"Mozambique","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-03-06T11:01:14+00:00","article_modified_time":"2023-03-06T11:24:29+00:00","og_image":[{"width":720,"height":540,"url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets","datePublished":"2023-03-06T11:01:14+00:00","dateModified":"2023-03-06T11:24:29+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets"},"wordCount":435,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg","keywords":["Africa Press","Africa Press-Mozambique","Mozambique"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets","url":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets","name":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets - Mozambique","isPartOf":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg","datePublished":"2023-03-06T11:01:14+00:00","dateModified":"2023-03-06T11:24:29+00:00","author":{"@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"The World Bank warned the Mozambican authorities on Monday of difficulties in accessing markets due to the country\u2019s pla ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#primaryimage","url":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg","contentUrl":"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/03\/postQueueImg_1678087888.84.jpg","width":720,"height":540,"caption":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/mozambique\/all-news\/world-bank-warns-of-grey-list-difficulties-in-accessing-markets#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/mozambique\/"},{"@type":"ListItem","position":2,"name":"World Bank warns of \u2018grey list\u2019 difficulties in accessing markets"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/mozambique\/#website","url":"https:\/\/www.africa-press.net\/mozambique\/","name":"Mozambique","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/mozambique\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/35102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/comments?post=35102"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/posts\/35102\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media\/35101"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/media?parent=35102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/categories?post=35102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/mozambique\/wp-json\/wp\/v2\/tags?post=35102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}