{"id":43681,"date":"2023-07-30T19:10:28","date_gmt":"2023-07-30T19:10:28","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024"},"modified":"2023-07-30T19:25:22","modified_gmt":"2023-07-30T19:25:22","slug":"state-hopes-to-exit-fatf-grey-list-by-h1-2024","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024","title":{"rendered":"State hopes to exit FATF grey list by H1 2024"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Mozambican government expects the country to exit the Financial Action Task Force (FATF) \u201cgrey list\u201d by the first half of 2024, pointing out that it has made \u201cenormous progress\u201d towards the removal of this negative classification.<\/p>\n

\u201cWhat we are going to do this year is to demonstrate to FATF that, both in terms of compliance and in terms of effectiveness, we have already made enormous progress, and in the next session in March or April 2024, the window will open\u201d for Mozambique\u2019s removal from the list, Lui\u0301s Cezerilo, deputy director general of the Financial Intelligence Office of Mozambique (GIFIM), told Lusa.<\/p>\n

Cezerilo cited the approval by the government of proposals to revise the laws governing money laundering and financing of terrorism and the expected approval of the respective regulations as among the important advances that the country has already made in conforming with recommendations laid down by FATF.<\/p>\n

Additionally, the authorities are working to put in place a tax confiscation law and a beneficial owner status, as part of the roadmap aimed at removing the country from the grey list, on which it was placed in October 2022.<\/p>\n

\u201cWithout compliance with these six recommendations, those they call the \u2018big six\u2019, without these, there is no possible dialogue,\u201d with the FATF, he underlined.<\/p>\n

Despite the improvements, Mozambique will not be in time to be removed from the grey list this year, because it has to present a report for evaluation to the FATF on July 28, before the extraordinary session of the Assembly of the Republic, the body that must approve the aforementioned legal instruments and which will meet in August.<\/p>\n

In total, Mozambique received 40 recommendations conditioning its removal from the list, and has partially complied with 21 and not complied with 13, excluding the aforementioned \u201csix big\u201d recommendations, Cezerilo said.<\/p>\n

In February this year, the World Bank alerted the Mozambican authorities to the difficulties accessing markets arising from the country\u2019s inclusion on the list, which indicates the risk of money laundering and terrorist financing being easier in a territory.<\/p>\n

\u201cExiting the list is necessary to promote access to international financial markets, continue to attract foreign investment and participate in international trade,\u201d Julian Casal, a specialist at the World Bank for the financial sector, said at the time.<\/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 Mozambican government expects the country to exit the Financial Action Task Force (FATF) \u201cgrey list\u201d by the first half of 2024, pointing out that it has made \u201cenormous progress\u201d towards the removal of this negative classification. \u201cWhat we are going to do this year is to demonstrate to FATF that, both […]<\/p>\n","protected":false},"author":84,"featured_media":43679,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,281,283],"class_list":["post-43681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nState hopes to exit FATF grey list by H1 2024 - Mozambique<\/title>\n<meta name=\"description\" content=\"The Mozambican government expects the country to exit the Financial Action Task Force (FATF) \u201cgrey list\u201d by the first ha ...\" \/>\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\/state-hopes-to-exit-fatf-grey-list-by-h1-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State hopes to exit FATF grey list by H1 2024\" \/>\n<meta property=\"og:description\" content=\"The Mozambican government expects the country to exit the Financial Action Task Force (FATF) \u201cgrey list\u201d by the first ha ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024\" \/>\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=\"2023-07-30T19:10:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-30T19:25:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1690728903.991026.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\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\/state-hopes-to-exit-fatf-grey-list-by-h1-2024#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"State hopes to exit FATF grey list by H1 2024\",\"datePublished\":\"2023-07-30T19:10:28+00:00\",\"dateModified\":\"2023-07-30T19:25:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024\"},\"wordCount\":396,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2023\/07\/sm_1690728903.991026.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Mozambique\",\"Mozambique\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/state-hopes-to-exit-fatf-grey-list-by-h1-2024\",\"name\":\"State hopes to exit FATF grey list by H1 2024 - 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