Bank of Mozambique: Blocking of bank accounts and balance restrictions

Haber özeti

The Banco de Moçambique informs the general public that, under Law No. 27/2022 of 29 December, which establishes the Legal Framework for Bank Accounts, and Law No. 3/2024 of 22 March, on Anti-Money Laundering and Counter-Terrorism Financing, credit institutions may block bank accounts and place restrictions on account balances as a preventive measure where there… Source