Jersey has seized £829,500 from a corrupt trust account and returned it to the authorities in Mozambique.
An investigation found the funds, which had been held in a Jersey Trust, came from bribes paid to a high ranking civil servant in Mozambique by firms wanting to secure construction contracts in the country.
Jersey’s Attorney General Mark Temple and the Vice-Attorney General of Mozambique, His Excellency Alberto Paulo, signed a Memorandum of Understanding with funds set to be used by Mozambique authorities to combat financial crime.
Mr Temple said he was "delighted" Jersey authorities were able to help.
He said: "I am delighted that Jersey has been party to Mozambique’s first asset return agreement which will result in the strengthening of law enforcement and anti-corruption agencies in Mozambique.
"I am grateful for the assistance provided by the authorities of the Republic of Mozambique in this matter."
'Crime does not pay'
Mr Paulo said the return of the funds represented "a triumph for Mozambique, for justice and for the rule of law".
He said: "Today we are honoured to receive funds that were illicitly diverted from Mozambique and hidden in the Bailiwick of Jersey, which have been recovered as a result of exemplary cooperation with the authorities of the Bailiwick of Jersey.
"It demonstrates the ongoing commitment of our States to ensuring that crime does not pay and that public resources must be used ethically and transparently to benefit the society as a whole."
Latest Stories
-
Full list of 42 companies seeking $335m tax waiver
2 mins -
ICC seeks arrest warrants for Netanyahu and top Hamas leaders
15 mins -
GPL: ‘I don’t understand what is wrong with the players’ – Hearts coach Ouattara
20 mins -
Indian High Commissioner to Ghana Manish Gupta embarks on extensive tour of Ghana’s Volta Region
20 mins -
China hits back at US and EU as trade rows deepen
41 mins -
South Africa’s top court bars Zuma from being lawmaker
45 mins -
War and popularity keep Zelensky in power despite term expiring
47 mins -
What next for Iran after President Raisi’s death?
56 mins -
Iran declares five days of mourning for president
1 hour -
Iñaki Williams wins the LaLiga EA Sports African MVP award
1 hour -
‘Stop threatening Taiwan’, its new president William Lai tells China
2 hours -
Michael Baidoo scores again but Elfsborg lose to GAIS
2 hours -
Sanlam and Allianz Life Insurance in Ghana receive final no objection from NIC to merge
2 hours -
Deadly Premix Explosion in Ngyiresia: Community reels from tragedy
2 hours -
Curfew on Alavanyo and Nkonya townships renewed
2 hours