At AML-CFT ESCAY Project, we are continuing with the tailor-made assistance that we started in September for specific countries within our area of operation.
In addition to #Kenya🇰🇪, #SouthSudan🇸🇸 #Madagascar🇲🇬 and the #democraticrepublicofcongo🇨🇩 , we have also been involved in #Mozambique🇲🇿 offering special assistance to help the country to exit the grey list as soon as possible.
Mozambique is Under the Financial Action Task Force (FATF)‘s Grey list for strategic deficiencies in the country’s measures to counter money laundering, terrorist financing, and proliferation financing. In its effort to implement the FATF action plan, Mozambique, in collaboration with its international partners, has established a Technical Assistance Coordination Committee (TACC) to coordinate all support, to which we, AML – CFT ESCAY PROJECT are a member.
Through the TACC, we were requested to focus on improving AML/CFT/CPF supervision, monitoring and regulation (Immediate Outcome 3) in the Real Estate Sector which is identified as a high risk for the country.
We have worked closely with other partners, particularly the #worldbank , in coordination with the Mozambican FIU. Following a scoping mission, we identified priority areas under the real estate sector for risk assessment and provision of awareness raising workshops. We then developed a national sectoral risk assessment report and working guidelines which were validated by the Mozambican authorities.
We have over the last months organised awareness raising workshops to the real estate sector industry, supervisory/regulatory bodies and other stakeholders.
We are very grateful to our expert Filomena Bispo, who has been spearheading and carrying through our support to Mozambique.
#mozambique #realestate #risks #fatf #moneylaundering #terroristfinancing #followthemoney #organisedcrime
With Frédéric BAYARD Tu’emay Aregawi Desta Filomena Bispo
