The Mozambique Stock Exchange (BVM) has strengthened the mechanisms of auditing and internal management, compliance and good corporate governance, as part of the measures to combat the crime of money laundering and financing of terrorism in the country.

The assurance was given by the Chairman of the Board of Directors of BVM, Salim Cripton Valá, during the XVIII Annual Conference of the Private Sector (CASP), which was held in Maputo from the 21st to the 23rd of June this year.

"In view of the imminent danger, in recent years we have strengthened the audit and control, risk management, compliance and good governance mechanisms. Public companies are required to register with the Central Securities Depository (CVM), thus reinforcing the values of integrity, credibility, trust, and transparency in transactions involving securities," said Salim Cripton Valá.

BVM currently has 13 listed companies and a market capitalization of 177,664.22 million meticais, representing 26 percent of the Gross Domestic Product (GDP); 249 securities; and 25,110 holders registered at the CVM.

n another development, the BVM PCA pointed out that the challenges faced are enormous, hence the institution has been implementing innovative reforms to identify suspicious transactions and also be in line with other international peer institutions.

The XVIII Annual Private Sector Conference, a three-day event, was held under the theme: "Transformation, Innovation and Sustainability for Industrial Competitiveness".

In another event, held on June 21, Salim Cripton Valá was invited to address: "The support of UN system organizations, the private sector and civil society in strengthening national and implementing institutions of communication for development policies", during the first International Conference on Communication for Development, co-organized by the Information Bureau (GABINFO) and the Institute for Media (ICS).

On the occasion, Valá said that ICS must forge strong partnerships that contribute to the promotion of communication for development.

In this sense, he left four messages that can serve as a guiding basis for the materialization of this desideratum: "I - The youth today do not know the role and relevance of ICS, and Mozambique is a young country and of young people; II - The successes and positive results achieved in the past do not guarantee, by themselves, the successes in the present and future, but they can illuminate and inspire. It is vital to reinvent and re-energize the ICS and adapt it to the new context."

n another development, the BVM PCA pointed out that the challenges faced are enormous, hence the institution has been implementing innovative reforms to identify suspicious transactions and also be in line with other international peer institutions.

The XVIII Annual Private Sector Conference, a three-day event, was held under the theme: "Transformation, Innovation and Sustainability for Industrial Competitiveness".

In another event, held on June 21, Salim Cripton Valá was invited to address: "The support of UN system organizations, the private sector and civil society in strengthening national and implementing institutions of communication for development policies", during the first International Conference on Communication for Development, co-organized by the Information Bureau (GABINFO) and the Institute for Media (ICS).

On the occasion, Valá said that ICS must forge strong partnerships that contribute to the promotion of communication for development.

In this sense, he left four messages that can serve as a guiding basis for the materialization of this desideratum: "I - The youth today do not know the role and relevance of ICS, and Mozambique is a young country and of young people; II - The successes and positive results achieved in the past do not guarantee, by themselves, the successes in the present and future, but they can illuminate and inspire. It is vital to reinvent and re-energize the ICS and adapt it to the new context."


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