Mozambique’s Removal From ‘Grey List’ Is Crucial for Financial Credibility

Maputo — The decision of the Financial Action Task Force (FATF) to remove Mozambique from the “grey list’ is a crucial milestone for the country’s financial and reputational credibility, according to the Confederation of Mozambican Business Associations (CTA).

The “grey list’ is officially known as “Jurisdictions under Increased Monitoring’, covering countries identified by the FATF as having strategic deficiencies in their measures to counter money laundering and the financing of terrorism.