Mozambique: Signing of the MoU to Strengthen the Fight Against Money Laundering and the Financing of Terrorism

France and the Bank of Mozambique have signed an agreement that will strengthen cooperation in the fight against money laundering and the financing of terrorism. This is an 18-month technical assistance program that will allow for the transfer and sharing of expertise in this field. 

This cooperation with the Bank of Mozambique is at the heart of the French Republic's support against terrorism, in line with the priorities of the Mozambican government. We know that there is no terrorism without financing, and we also know that there are links between trafficking of all kinds, untraceable transfers of funds, and terrorist activities. 

Presidents Filipe Nyusi and Emmanuel Macron even raised this issue during their meeting in Paris on May 18. The efforts undertaken by the Bank of Mozambique in this regard are an essential contribution in the face of this new threat facing the country.

The Memorandum was signed by the Bank of Mozambique's Director for Monetary Policy, Jamal Omar, and the French Ambassador in Mozambique, David Izzo on the occasion of the 1st meeting of the Technical Assistance program management committee. This committee is composed of technicians from the Bank of Mozambique and a team of French experts.

This program was prepared by Agence Française de Développement (AFD), Expertise France, the General Directorate of the Treasury of France, the Ministry of Foreign Affairs of France, and the team of experts from the Central Bank of France led by Jean-François Bouchard and the Bank of Mozambique.