FINES FOR VIOLATING PRUDENTIAL, FOREIGN EXCHANGE AND ANTI-MONEY LAUNDERING AND COUNTER-TERRORISM FINANCING RULES
Monday, 03 October 2022
The Banco de Moçambique hereby makes it known that, from June 2021 and August 2022, it penalized six credit institutions, one financial company and four microfinance operators, with fines for violation of prudential, exchange rate and anti-money laundering and counter-terrorism financing rules, namely: Law No. 20/2020, of December 31 – Law on Credit Institutions and Financial Companies; Law No. 15/99, of November 1 – Law on Credit Institutions and Financial Companies, as amended by Law No. 9/2004, of July 21; Law No. 11/2009, of March 11 – Foreign Exchange Law; and Law No. 14/2013, of August 12 – Anti-Money Laundering and Counter-Terrorism Financing Law.
For further information, read the communiqué below.