Select a location

Africa

This selection will switch the site from presenting information primarily about Mozambique to information primarily about . If you would like to switch back, you may use location selection options at the top of the page.

Insights

Extension of the Deadline for Registration of OCOS

We hereby inform the business community and other interested parties that the Bank of Mozambique, by notice dated 19 March 2025, has extended the deadline for the registration of Suspicious Transaction Reporting Officers (“OCOS”) by microcredit operator from 10 January 2025 to 10 April 2025.

This measure is aimed at compliance with the legislation on preventing and combating money laundering and terrorist financing in force in the country, approved by Law no. 14/2023 of 23 August together with Notice no. 10/GBM/2024 of 30 August.

  • In this regard, according to the aforementioned notice, microcredit operators must:
  • Register their OCOS with Mozambique's Financial Information Office (“GIFiM”);

Submit the application for OCOS registration by letter to the Honourable Director General of GIFiM, sent to the following e-mail address [email protected] with the following supporting documents:

  1. Cover letter from the authorised microcredit operator, dated and stamped, containing additional information on share capital, telephone contacts and e-mail addresses;
  2. Copy of the Unique Tax Identification Number (NUIT);
  3. Copy of the Company Commercial Registration Certificate;
  4. Copy of the Registration Certificate (authorisation issued by the Bank of Mozambique); and
  5. Identification document and Curriculum Vitae of the OCOS.

We would also like to inform you that failure to comply with the above constitutes a contravention punishable under the terms of the applicable legislation.