Bank of Mozambique
Bank of Mozambique
12/19/2025 | Press release | Archived content
FINES IMPOSED ON CREDIT INSTITUTIONS AND FINANCIAL COMPANIES FOR REGULATORY BREACHES
The Banco de Moçambique announces that, between December 2024 to December 2025, it imposed monetary fines on nine credit institutions and financial companies for breaches of (i) prudential regulations, (ii) regulations on anti-money laundering and countering the financing of terrorism, (iii) foreign exchange regulations, and (iv) consumer protection rules applicable to financial products and services.
The sanctions were applied under, inter alia, Law No. 20/2020, of 31 December, the Law on Credit Institutions and Financial Companies; Law No. 11/2022, of 7 July, the former Law on Anti-Money Laundering and Countering the Financing of Terrorism and the Financing of Weapons of Mass Destruction; Law No. 11/2009, of 11 March, the former Foreign Exchange Law; Law No. 28/2022, of 29 December, the Foreign Exchange Law; as well as other Notices issued by the Banco de Moçambique.
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