Mozambique central bank cracks down on AML breaches

bank-of-mozambique

The Central Bank of Mozambique has fined 15 financial institutions in an attempt to clamp down on money laundering and terrorist financing.

In a statement published on April 9, the financial regulator said it had fined the institutions a total of 158.49 million meticals ($2.6 million) for various violations.

While no specific details of the infringements were provided by the central bank, the names of the institutions, the law they are in breach of and the extent of the fines was listed.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: