Mozambique — Country Risk Report

Mozambique (Africa • East Africa). Risk report as of the 19 Jun 2026 FATF plenary.

High country risk, with elevated corruption risk. Mozambique's country risk score is 5.9/10, placing it in the high-risk band. The principal driver is weak corruption, alongside political stability risk. Mozambique is not currently FATF grey- or black-listed. Mozambique is not subject to comprehensive country-wide sanctions. Firms should apply additional scrutiny where exposure involves state-linked entities, restricted sectors, sensitive technology, dual-use goods or politically exposed counterparties.

Recommended treatment

Enhanced due diligence for defined risk triggers.

At a glance

  • FATF status: Not currently listed (one indicator only; it does not set the overall country risk rating by itself)
  • Comprehensive country sanctions: none identified. Targeted sanctions exposure: possible, screen applicable persons, entities and sectors
  • Government effectiveness and rule of law: 6.4/10
  • Corruption (CPI 2025): 21/100, rank #161 of 182
  • Enforcement data: not yet assessed (no RegActions coverage)

Country Risk Score: 5.9/10 (High)

Higher score means higher country risk (global average 4.6). Full information available. Some evidence is older. Enforcement activity and CPI are shown for context but do not change the score.

All three parts of the score are available.

How this score was calculated

  • Financial crime controls: 7.9/10 — 50% of this score
  • Government effectiveness and rule of law: 6.4/10 — 30% of this score
  • International sanctions: 0.0/10 — 20% of this score
  • The FATF assessment is more than five years old.

International sanctions contributes 0.0 because the complete UN, UK, EU and US review found no direct country-level sanctions programme. People or organisations connected to the country may still appear on sanctions lists.

Show the exact calculation

aml 7.9 × 50% + governance 6.4 × 30% + sanctions 0 × 20% = 5.9; final 5.9

Principal risk drivers

  • Corruption (WGI) — 7.4/10
  • Political stability — 6.4/10
  • Rule of law & institutions — 6.1/10
  • Voice & accountability — 6.1/10

Mitigating factors

  • Not currently on the FATF grey or black list.
  • No comprehensive country-wide sanctions programme.
  • Risk is concentrated in specific counterparties, sectors and transactions rather than applying uniformly.

Business impact

  • Customer onboarding (High): Additional ownership and control verification may be required.
  • Payments and transactions (High): Review transaction purpose, counterparties and geographic routing.
  • Trade and export activity (High): Screen goods, end users and potential dual-use exposure.
  • Corporate clients (High): Assess state ownership, government links and political exposure.
  • Ongoing monitoring (High): Apply alerts for ownership changes, sanctions and geopolitical developments.

Recommended controls

  • Verify ultimate beneficial ownership using more than one reliable source.
  • Identify state ownership, government influence and politically exposed persons.
  • Screen entities, directors and beneficial owners against applicable sanctions lists.
  • Apply enhanced review to technology, defence, telecommunications, financial services and dual-use activity.
  • Document transaction purpose and source of funds where cross-border structures are complex.
  • Escalate unresolved ownership opacity or adverse information to Compliance.

Enhanced due diligence triggers

  • State ownership / control
  • PEP involvement
  • Sensitive / restricted sectors
  • Opaque ownership
  • Adverse media
  • Dual-use goods & technology
  • High-risk intermediary routing

FATF status: Not currently listed

Mozambique is not on the FATF grey or black list as of the 19 Jun 2026 plenary.

Source details

International sanctions by issuing body

  • UN: No
  • EU: No
  • UK: No
  • US: No

No means the complete UN, UK, EU and US review found no direct country-level programme. People or organisations may still appear on sanctions lists.

Government effectiveness and rule of law (World Bank 2024, percentile)

  • Government Effectiveness: 37/100
  • Regulatory Quality: 43/100
  • Rule of Law: 36/100

Regulators and legal framework

FATF network

FATF network via ESAAMLG.

Last mutual evaluation: 2021 · report

National regulators

Regulator profiles not yet available on RegActions.

FIU: Egmont Group member (GIFiM)

Framework signals

  • FATF listing: Not currently listed
  • International sanctions: no listed programme identified
  • Corruption (CPI 2025): 21/100, rank #161 of 182
  • Rule of law (WGI): 6.1/10 risk

Sector exposure

  • Banking & payments (Elevated): Weak rule-of-law governance (WGI 6.1/10 risk)
  • Trade & export controls (Low): No sanctions programme or FATF black-list constraint identified
  • Crypto & virtual assets (Elevated): Weak accountability governance (WGI 6.1/10 risk)
  • Real estate & luxury assets (High): Severe corruption exposure (CPI 21/100) drives laundering risk
  • State-linked & procurement (High): High state-capture risk (corruption WGI 7.4/10)

Derived from sanctions tier, FATF listing, World Bank WGI governance and CPI; no per-sector dataset is asserted.

Mozambique: analysis

Mozambique's profile is entirely governance-driven. Corruption is the primary risk driver, followed by rule of law and institutions and political stability. Voice and accountability provides no material offset. Mozambique is not on the FATF grey or black list and carries no sanctions exposure. The CPI reading and rank of 145 of 179 confirm a position in the lower third of the World Bank governance indicators. No enforcement actions are recorded in the dataset.

Outlook

Mozambique's combination of high corruption, institutional weakness and political instability creates a challenging environment for effective AML controls. Without significant governance reform, the risk score is unlikely to improve. The absence of FATF listing provides limited assurance given the severity of the underlying governance deficiencies. Firms should monitor both governance developments and the October 2026 plenary for any change in AML oversight status.

Key watchpoints

  • Monitor FATF assessment activity and October 2026 plenary outcomes for any grey-list consideration.
  • Track political stability developments, given that insecurity can rapidly degrade AML supervisory capacity.
  • Apply enhanced due diligence to all Mozambique-connected beneficial ownership structures and politically exposed persons.
  • Review CPI and governance percentile trends annually as indicators of the direction of structural corruption risk.

Assessment currency

  • FATF status: Not listed (as of 19 Jun 2026)
  • Sanctions exposure: None identified (as of Jul 2026)
  • Governance (WGI): Latest dataset incorporated (as of 2024)
  • Corruption (CPI): 21/100 (as of 2025)
  • RegActions assessment: Reviewed (as of 19 Jun 2026)

Public evidence layer

FATF action: none. No FATF call-for-action or increased-monitoring status was identified at the latest plenary. This does not establish low risk.

Contextual signals (not scored)

  • FATF network membership: FATF regional network: ESAAMLG (present, as of 2026-07)
  • EU non-cooperative tax jurisdictions: Not listed in Annex I (absent, as of 2026-02-17)
  • Egmont Group FIU: GIFiM (present, as of 2026-07-17)
  • Beneficial-ownership register: No live register identified in the source (unavailable, as of 2026-07-17)
  • Transparency International CPI: 21/100, rank 161 (present, as of 2025)

Evidence freshness

  • FATF monitored-jurisdiction status: current; data 2026-06-19
  • FATF mutual evaluation and follow-up ratings: current; data 2026-07-31; follow-up 2026-04; base assessment 2021-06
  • World Bank governance indicators: current; data 2024
  • UN, UK, EU and US sanctions regimes: current; data 2026-08-13

Contextual signals are public evidence only and do not change the immutable v2 score.

Download evidence PDF · CSV · JSON

Regional peer scores

FAQ

Is Mozambique on the FATF grey list?

No. Mozambique is not on the FATF grey or black list as of the 19 Jun 2026 plenary. FATF listing is one AML indicator; absence from the list does not by itself make Mozambique low risk. The next FATF plenary review is scheduled for Oct 2026.

Is Mozambique subject to sanctions?

No country-level programme was identified. In the approved RegActions snapshot, no comprehensive or targeted country-wide sanctions programme was found for Mozambique, but individual listed persons may still exist, so firms should continue to screen counterparties against the applicable lists.

What is Mozambique's country risk rating?

RegActions rates Mozambique at 5.9/10 (High risk), where a higher score means higher country risk. The score combines financial crime controls, government effectiveness and rule of law, and international sanctions. Transparency International's 2025 Corruption Perceptions Index scores Mozambique 21/100 (rank #161 of 182).

What due diligence applies to Mozambique?

Enhanced due diligence for defined risk triggers. This is decision-support based on Mozambique's FATF status, governance and sanctions signals, and is not a substitute for a firm's own risk assessment.

Source: FATF black & grey lists · World Bank WGI (CC BY 4.0 — World Bank WGI) · TI CPI (CC BY-ND 4.0 — Transparency International, display only)