{"id":57867,"date":"2024-03-23T22:54:00","date_gmt":"2024-03-23T22:54:00","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods"},"modified":"2024-03-24T00:07:56","modified_gmt":"2024-03-24T00:07:56","slug":"ministry-of-finance-will-manage-seized-assets-and-goods","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods","title":{"rendered":"Ministry of Finance will manage seized assets and goods"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>The Ministry of Economy and Finance of Mozambique will, under a review of the body\u2019s duties and powers, start managing assets and goods seized or recovered in the context of illicit or criminal activities in favour of the state.<\/p>\n

The measure is contained in Presidential Decree 02\/2024, dated March 4 and consulted today by Lusa, which recognizes the \u201cneed to review the responsibilities and competencies\u201d of the Ministry of Economy and Finance.<\/p>\n

Specifically, regarding the attributions that are already in force, the ministry currently led by Max Tonela will assume the \u201cadministration of assets and goods seized or recovered in favour of the State, within the scope of national proceedings or acts arising from legal cooperation and international judiciary.\u201d<\/p>\n

In the management of seized assets, the decree also establishes that the Ministry of Economy and Finance must \u201cconserve, protect and manage the seized assets and goods in the custody of the State, in a diligent and zealous manner\u201d, as well as \u201cdetermine the alienation, capitalization, sale and allocation to public service or destruction of recovered assets\u201d.<\/p>\n

Since 2022, Mozambique has had a Central Asset Recovery Office (GCRA) in the Attorney General\u2019s Office (PGR), with duties of investigation, tracking, seizure and recovery of assets, which in the first year of activity announced it had recovered more than a thousand million meticais (\u20ac14.3 million) of illicit origin, including 30 properties and 12 vehicles.<\/p>\n

A source from the Ministry of Economy and Finance explained to Lusa today that this redefinition of competencies \u201cwill adapt the institution\u2019s responsibilities to new developments, reinforcing transparency and good governance in crucial areas\u201d.<\/p>\n

One of \u201cthe main innovations\u201d will result in the \u201ccreation of the Asset Management Office\u201d, which will be \u201cattached to the Finance sector, responsible for managing assets seized or recovered as part of illicit or criminal activities\u201d.<\/p>\n

\u201cThis measure aims to strengthen efforts to combat money laundering and the financing of illicit activities and will contribute to the efforts being made by the Government to remove Mozambique from the FATF \u2018grey list\u2019,\u201d highlights the source.<\/p>\n

The Ministry of Economy and Finance also officially assumes management of the Executive Coordination Committee for the removal of Mozambique from the \u201cgrey list\u201d of the International Financial Action Task Force (FATF).<\/p>\n

\u201cThe entity will play a fundamental role in strengthening the national financial system and implementing necessary actions to comply with international requirements for preventing and combating money laundering, financing terrorism and financing the proliferation of weapons of mass destruction,\u201d adds the source.<\/p>\n

Another aspect of the approved changes is the integration of the \u201cclimate change component in public expenditure programs\u201d, as well as \u201cthe strengthening of climate financing mobilisation capabilities\u201d.<\/p>\n

\u201cThis measure will allow the country to access climate funds from international partners, intended for actions to adapt and mitigate the impacts of climate change, an increasingly pressing challenge,\u201d the communication reads.<\/p>\n

According to the ministry, the changes \u201crepresent an important step in consolidating [the executive\u2019s] transparency and good governance\u201d.<\/p>\n

\u201cStrengthening the capabilities of the Ministry of Economy and Finance in these areas will contribute to financial stability, international credibility and the sustainable development of the country,\u201d it concludes.<\/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 Ministry of Economy and Finance of Mozambique will, under a review of the body\u2019s duties and powers, start managing assets and goods seized or recovered in the context of illicit or criminal activities in favour of the state. The measure is contained in Presidential Decree 02\/2024, dated March 4 and consulted […]<\/p>\n","protected":false},"author":84,"featured_media":57866,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,281,283],"class_list":["post-57867","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":"\nMinistry of Finance will manage seized assets and goods - Mozambique<\/title>\n<meta name=\"description\" content=\"The Ministry of Economy and Finance of Mozambique will, under a review of the body\u2019s duties and powers, start managing a ...\" \/>\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\/ministry-of-finance-will-manage-seized-assets-and-goods\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ministry of Finance will manage seized assets and goods\" \/>\n<meta property=\"og:description\" content=\"The Ministry of Economy and Finance of Mozambique will, under a review of the body\u2019s duties and powers, start managing a ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods\" \/>\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=\"2024-03-23T22:54:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-03-24T00:07:56+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/03\/sm_1711219924.719365.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"825\" \/>\n\t<meta property=\"og:image:height\" content=\"510\" \/>\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=\"3 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\/ministry-of-finance-will-manage-seized-assets-and-goods#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Ministry of Finance will manage seized assets and goods\",\"datePublished\":\"2024-03-23T22:54:00+00:00\",\"dateModified\":\"2024-03-24T00:07:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods\"},\"wordCount\":540,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/mozambique\/sites\/64\/2024\/03\/sm_1711219924.719365.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\/ministry-of-finance-will-manage-seized-assets-and-goods#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods\",\"url\":\"https:\/\/www.africa-press.net\/mozambique\/all-news\/ministry-of-finance-will-manage-seized-assets-and-goods\",\"name\":\"Ministry of Finance will manage seized assets and goods - 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