The latest report from Mozambique’s Financial Intelligence Unit (GIFiM) is not just another technical document on suspicious transactions. It is, in effect, a stress test of the reforms that enabled the country to exit the FATF (Financial Action Task Force) Grey List in 2025, and a reminder that credibility doesn’t come with a lifetime guarantee but as an ongoing commitment to transparency and enforcement. The picture painted by the report is unsettling. These travel agencies - businesses that normally rely on electronic payments and card transactions - were suddenly handling mountains of cash, with deposits reaching 24 million meticais a day, about $375,000. And over the full period examined, the money flowing through them added up to more than 58...
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Former Mozambican Finance Minister Manuel Chang has finally been extradited to the United States after a protracted extradition battle played out in South African courts.
On Wednesday, South Africa’s Justice and Correctional Services surrendered Chang to US Marshals Service, who promptly flew him to the US, where he is to be tried on charges of fraud.
Click on the picture to see the timeline from his arrest on 29 December 2018 to his extradition on 12 July 2023.
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ANAMOLA (National Alliance for a Free and Autonomous Mozambique) will only distinguish itself from other political parties if it builds...
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Six top board members of Mozambique’s central bank, Banco de Moçambique, including Governor Rogério Zandamela, earned 340.5 million meticais (about...
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The death of Italian-Mozambican businessman Umberto Sartori last Friday inside the Machava Maximum Security Prison, popularly known as BO,...
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