Mozambique Bank Account Freezes Draw Constitutional Criticism
Mozambique's central bank says banks may freeze accounts on suspicion. Critics say the bank account freezes may breach the constitution. What the law says. The post Mozambique Bank Account Freezes Draw Constitutional Criticism appeared first on The Rio Times .
Mozambique's central bank faces criticism over its bank account freeze policy, drawing constitutional concerns. The Banco de Moçambique announced on Tuesday 29 September that banks may block accounts on suspicion of fraud, money laundering, terrorist financing or weapon procurement. The notice cites 2022 and 2024 laws, stating the central bank, not judges, must decide.
Two STV commentators argue the practice violates the constitution, as it gives the bank judicial powers. They claim the notice lacks deadlines and customer guidance, potentially harming financial inclusion. Some banks have blocked workers' salaries due to outdated data, prompting concerns from a rights group. While Mozambique was removed from the FATF's grey list in October 2025, the central bank has strengthened other rules this year, including yearly limits on overseas payments.
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