Mozambican authorities have detained 13 people suspected of being involved in the illegal sale of currency as part of an operation to crack down on illegal foreign exchange activities launched on Wednesday, the Mozambican customs said.
“We have identified several establishments with genuine safes to hide what, in fact, must be declared. [ao fisco]. We are committed to doing everything we can throughout the country to enforce the law,” said Fernando Alage, Deputy Director General of the Mozambique Customs, who was quoted today by the daily newspaper Notícias.
Alage said the operation had already resulted in the confiscation of “large amounts of money” that had been deposited with the central bank, while investigations were underway to determine the origin of the money.
“We have conducted several inspections across the country and about 90% of the establishments inspected are associated with the implementation of illegal exchange, there are also numerous situations of non-billing, VAT evasion and other taxes that will eventually be required to pay,” emphasized the Deputy Director General of Customs. Mozambique.
Foreign exchange transactions in Mozambique are under scrutiny by the authorities as they are potentially vulnerable to the financing of organized crime and terrorism.
Author: Lusa
Source: CM Jornal
