In accordance with Law No. 14/2023 of 28 August, which establishes the Legal Framework and Measures for the Prevention and Combating of Money Laundering and the Financing of Terrorism in the Republic of Mozambique, Premium Insurance is legally required to identify and verify the identity of its clients (both individuals and corporate entities), as well as their legal representatives, ultimate beneficial owners, and other relevant parties.

This process, internationally known as KYC – Know Your Customer, ensures that we maintain up-to-date information in full compliance with the applicable legislation.

Once the data of a prospective client (individual or corporate) has been collected and verified, Premium proceeds with the completion and registration of the respective KYC form, which is then securely stored in our central Compliance system.

The information gathered enables us to:

• Confirm the identity of the client and the ultimate beneficial owners;
• Verify that they do not appear on national or international sanctions lists, including that of the United Nations;
• Determine whether the client qualifies as a PEP – Politically Exposed Person;
• Ensure that all necessary controls are in place to prevent risks and safeguard the integrity of our operations.

All our partners and insurance intermediaries, as entities subject to the same law, are likewise required to collect clients’ KYC information and submit it to Premium Insurance for proper registration.

Your cooperation is essential to ensure compliance with the law, prevent money laundering, and contribute to a safer and more transparent insurance market.

Should you have any questions or require assistance in completing the form, our team is readily available to support you.

Premium Insurance Company, SA
Insurance Company regulated by the Insurance Supervision Institute of Mozambique (ISSM)
Registration Number: 105017691
NUIT: 401712240