Mozambique has announced its intention to enhance control over non-financial sectors susceptible to capital laundering, such as real estate, casinos, and vehicle trading. This measure aims to prevent the country from returning to the grey zone of the Financial Action Task Force (FATF).
This was announced by Mozambique's Financial Intelligence Unit (GIFiM) during the opening of a regional seminar focused on risk-based supervision in non-financial activities. The seminar is taking place in Maputo for one week and includes representatives and supervisors from Southern and Eastern African countries, as well as specialists from the FATF and the World Bank.
According to the Permanent Secretary of the Ministry of Finance, Albertina Fruqui, strengthening supervision is necessary because as protection mechanisms in the banking system are reinforced, criminal networks begin to seek opportunities to exploit vulnerabilities in other sectors of the economy.
She specified that areas such as real estate, casinos, precious stones and metals trading, legal services provided by lawyers, auditors, and accountants are becoming a priority in the protection strategy.
The event is designed to improve the qualifications of regulators and supervisors to identify sectors, services, products, clients, and organizations with high risks. This will allow supervisory resources to be concentrated on these areas, replacing a random approach with a risk-based system.
Alberto Kangela Junior, Director of GIFiM's Central Research and Cooperation Services, reported that representatives from 22 countries in the region are participating in the seminar. The identified non-financial activities include casinos, real estate agencies, lawyers, auditors, accountants, and vehicle sellers, which are considered vulnerable to use in money laundering and terrorist financing.
Kangela Junior noted the shift from random supervision to the necessity of conducting risk assessments and identifying high-risk structures. He added that the training will include theoretical and practical components to facilitate experience sharing among participants.
In Mozambique, GIFiM already supervises the real estate and vehicle trading sectors to prevent and combat money laundering, as there is no dedicated industry supervisory body in these areas.
Alberto Kangela Junior emphasized that the country strives to consolidate the successes achieved after exiting the FATF grey zone in October 2025, following three years of enhanced monitoring. Mozambique will undergo a re-assessment in 2030, with the process starting in 2028. He stated that by that time, all mechanisms must be in place for the 2030 assessment to achieve a high level of compliance, avoiding the risk of returning to the grey zone.
The official also added that the Bar Association, acting as the supervisory body, must strengthen its capabilities to understand the risks associated with legal services and identify activities highly susceptible to money laundering.
In a report published in October, GIFiM warned about weaknesses in the control of the real estate sector, including deficiencies in suspicious transaction reporting and limitations in coordination between various bodies. Of the 851 active real estate objects identified in 2025, only 234 were registered with the relevant authority. Furthermore, the report revealed suspicions of illegally obtained funds being used in the real estate sector amounting to 5.006 million meticals (78.2 million euros) between January 2021 and November 2025. GIFiM recommended strengthening transaction monitoring, implementing risk-based supervision, and improving information exchange among authorities.


