The President of the Republic recognizes the complexity of money laundering and therefore advocates the adoption of robust legislation, greater action by the judiciary and the involvement of all social sectors.

For Filipe Nyusi, combating the phenomenon, as well as financial vigilance, requires collaboration with neighboring countries.

The head of state was speaking on Monday after the inauguration of the building that will house the High Court of Appeal in Beira, in Sofala province.

"Money laundering is a phenomenon with many ramifications that greatly damage our economy. In order to combat this scourge, our country has made significant efforts to align its policies and practices with the international standards set by the Financial Action Task Force, seeking to strengthen its financial system and prevent it from being used for illicit purposes," he said.

For his part, the President of the Supreme Court, Adelino Muchanga, said that his institution, as part of the solution to remove Mozambique from the FATF list, was contributing to the work aimed at harmonizing the procedures for cases relating to money laundering, terrorism and terrorist financing. (Source: Radio Mozambique)