$

Bank of Mozambique fined banks for money laundering

Lusa

26/09/202526 of September 2025

The Bank of Mozambique has imposed 124.8 million meticais (1.7 million euros) in sanctions on banks and financial institutions for violating the law on the prevention and combating of money laundering.

Central Bank of Mozambique I Bank of Mozambique

"The sanctions imposed were considered sufficiently dissuasive and allowed the governing bodies of financial institutions to begin to design, refine, and implement governance policies and internal control programs for regulatory compliance," reads the sector risk assessment report on money laundering, to which Lusa had access today.

Legislation and sanctions

The document, which resulted from the assessment carried out between 2023 and 2024, adds that the current legislation "provides for effective and dissuasive sanctioning measures" for violations of the legislation on the prevention and combating of money laundering and that the Bank of Mozambique "has imposed sanctions on the institutions subject to its supervision".$XRP $ETH #BinanceBlockchainWeek