Tanzania Warned Over Money Laundering Laws
According to experts, the country's weak money laundering laws are exposing the economy to syndicates of international criminals.
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Tanzania:
Experts Fault Govt On 'Dirty' Money Laws
Daily News, 23 July 2014
LOCAL banking experts have warned the government over the country's weak money laundering laws, something that expose the economy to syndicates of international criminals. Read more »
Bank of Tanzania
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Tanzania:
Central Bank Probes Local FBME Deals
Daily News, 22 July 2014
INVESTIGATIONS are going on against a 10 million euros (over 22.47bn/-) transfer made by an Italian politician (name withheld) through his FBME Bank account in Tanzania, last year. Read more »
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Tanzania:
Three Face Money Laundering Charges
Daily News, 22 July 2014
FORMER National Microfinance Bank (NMB) official Mtoro Midole and two others yesterday appeared before the Kisutu Resident Magistrate's Court in Dar es Salaam, charged with… Read more »
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Tanzania:
Govt Seeks Swiss Technical Help to Probe Assets as Foreign Bank Holdings Soar
AlertNet, 7 July 2014
Tanzania is seeking help from Switzerland in investigating stolen government assets and illicit money stashed in offshore bank accounts, two years after a parliamentary inquiry… Read more »
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Tanzania:
IMF Executive Board Concludes 2014 Article Iv Consultation With Tanzania
IMF, 5 May 2014
On April 25, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation1 with Tanzania and completed the third and final review of the… Read more »
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Tanzania:
Court Rejects Financial Scam Appeal
Daily News, 12 February 2014
THE Court of Appeal rejected the appeal lodged by 11 accused persons, including officials with the Tanzania Revenue Authority (TRA) who challenged a provision under Criminal… Read more »
InFocus
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According to the government, the Financial Action Task Force has removed Kenya from the list of countries at high risk of money laundering and financial terrorism. Read more »
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The East African Community member countries intend to intensify the war on corruption through cracking down on money laundering. Read more »