The Order establishing the Guidelines for the Prevention and Combat of Money Laundering and Terrorist Financing in the Real Estate Sector (“Order”), issued by the Financial Information Office of Mozambique ("GIFiM”), was recently published.
The purpose of the Order is to guide and enable the implementation of measures to prevent and combat Money Laundering, Terrorist Financing and the Proliferation of Weapons of Mass Destruction (“ML/TF/PW”) and the activity of entities that carry out the sale and purchase, resale or real estate brokerage, including developers that carry out the direct sale of real estate properties and projects, such as real estate agents, autonomous real estate brokers, brokerage professionals, real estate brokerage companies and civil construction companies.
