Global Watchdog’s Gray Listing Threat Hangs Over Mozambique
- Government is working to prevent being added to global list
- Financial intelligence center says actions were taken too late
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Mozambique is at risk of more financial restrictions by being added to the global list of countries not doing enough to prevent money laundering and terrorist funding.
The government is yet to comply with most recommendations of the Eastern and Southern Africa Anti-Money Laundering Group on what to do to avoid being placed on the Financial Action Task Force’s “gray list,” according to Amorim Bila, deputy director of the southeast African nation’s Financial Intelligence Unit.