Mozambique, Burundi and Kenya have signed memorandums of understanding with the aim of exchanging information within the remit of the financial intelligence units.

The signing took place during the 24th Meeting of the Council of Ministers of the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG) and the 7th Meeting of the Public and Private Sector Dialogue (PSDD) on Strengthening Anti-Money Laundering Actions.

The event took place between August 30 and 31 in Diani, Republic of Kenya, preceded by the meeting of senior ESAAMLG officials that took place a week earlier, according to a note from the Mozambican Ministry of Economy and Finance.

Mozambique was represented by the deputy ministers of Economy and Finance, Carla Loveira, and Justice, Constitutional and Religious Affairs, Filimão Suaze.

At the event, Mozambique highlighted the political commitment, as well as the progress made in the country's effectiveness in preventing and combating money laundering, terrorist financing and the financing of the proliferation of weapons of mass destruction.

Also according to the same note, the meeting of senior ESAAMLG officials approved the upward reclassification of 7 recommendations made by the Financial Action Task Force (FATF) in recognition of the progress made by Mozambique in complying with this body's recommendations, with emphasis on those relating to the implementation of measures to prevent and combat the financing of terrorism and measures to ensure that non-profit organizations are not misused for the Financing of Terrorism.

On that occasion, Mozambique requested the reclassification of a further 15 FATF recommendations by the ESAAMLG Review Group. For the Ministry, the request demonstrates the country's commitment to working to eliminate deficiencies identified in the system for preventing and combating money laundering and terrorist financing.