This is a Basel AML Index briefing on countries in Sub-Saharan Africa subject to grey-listing by the Financial Action Task Force (FATF) .
The briefing covers the impacts on their economic development, the process of grey-listing and what governments need to do to be removed from the list. It also touches on specific areas of concern for anti-money laundering and counter-terrorist financing (AML/CFT) in Sub-Saharan Africa.
A cross-agency training workshop in Mozambique has boosted the skills of anti-corruption practitioners to investigate offshore structures used to hide and launder money and to request information and evidence from abroad.
Este breve relatório resume as principais recomendações da Conferência de Lisboa sobre o potencial do confisco civil para recuperar bens ilícitos, que teve lugar em Lisboa, Portugal, em 5-7 de Julho de 2022. A conferência reuniu representantes de alto nível de Angola, Cabo Verde, Moçambique e Timor-Leste, juntamente com peritos internacionais.
As recomendações incluem:
This short report summarises key recommendations from the Lisbon Conference on non-conviction based forfeiture (NCBF) as a tool for asset recovery, which took place in Lisbon, Portugal on 5–7 July 2022. The conference gathered high-level representatives from Angola, Cape Verde, Mozambique and Timor-Leste, together with international experts.
The recommendations include:
The so-called “tuna bond” corruption scandal in Mozambique has drawn international attention. Twenty people are facing corruption and money laundering charges in the country. Swiss bank Credit Suisse has agreed to pay USD 475 million in fines and write off USD 200 million in debt owed by Mozambique as part of a series of settlements with regulators in the US, UK and Switzerland for its role in the affair.
Our partners and team of asset recovery specialists in Mozambique are celebrating the entry into force of a new law on asset recovery. It significantly extends Mozambique’s capability to recover illicit assets arising from corruption and other criminal activity.
Thirty-three prosecutors, 22 judges and 22 investigators from across Mozambique’s 11 provinces have completed a series of intensive training courses on anti-corruption and asset recovery.
Delivered by the Mozambique team of our International Centre for Asset Recovery, the training sessions took place over three weeks from 17 August to 4 September. Investigators from SERNIC, Mozambique’s National Criminal Investigation Service, joined prosecutors from the Prosecutor General’s Office and judges from across the country.