PORTUGUÊS
Compliance with AML (Anti-Money Laundering) and CTF (Counter-Terrorism Financing) norms is no longer just a concern for banks. Today, real estate companies, car dealerships, and casinos are also obliged entities to report suspicious transactions to GIFIM (Mozambique Financial Information Office).
Ignoring these obligations can lead to the banning from operating in the international banking system and serious criminal sanctions.
Obligations of Subject Entities:
- KYC (Know Your Customer): Rigorous identification of clients and business partners.
- UBO (Ultimate Beneficial Owner): Identifying who really holds control of the partner company.
- Transaction Monitoring: Detection of atypical patterns of financial flow.
- Staff Training: Training the internal team to recognize warning signs (Red Flags).
At SD&MP, we assist Mozambican companies in implementing internal compliance systems that meet the requirements of FATF and national authorities. We protect the reputation and operability of your financial or commercial institution.
Keep your company off the "Grey List." Talk to our experts in Prevention and Compliance.
