Mozambique’s Financial Information Center (GIFiM) has uncovered suspected money laundering, tax fraud and illicit capital flight involving travel and tourism Agencies that moved at least €805.5 million between January 2022 and September 2025.
A GIFiM report says 17 travel agencies transferred large sums, mainly through cash deposits and bank transactions, to accounts linked to an unidentified “international organisation”, from where the funds were allegedly moved abroad.
The agency found that the volume of money handled by some companies was inconsistent with their business activities, with some allegedly using employees’ personal bank accounts to conceal transactions.
GIFiM suspects some firms may have been used as channels to introduce illicit funds into the financial system and facilitate illegal capital exports. It has recommended stricter monitoring, audits, increased tax authority involvement and limits on cash transactions.