Dar es Salaam Forex Shops Forced to Close
At least 10 Dar es Salaam bureaux de change have closed. Insiders say the number could rise to at least 100 countrywide as the December 31 deadline for the implementation of new licensing requirements - part of a wider crackdown on down on money laundering - approaches.
Citizen, 27 September 2017
A number bureaux de change have closed business in Dar es Salaam, three months before new licensing requirements come into effect, The Citizen has learned. Read more »
A bureau de change in Dar es Salaam.
Citizen, 24 June 2017
The Bank of Tanzania (BoT) has instituted new measures to curb operations of bureaux de change as a move regarded by some analysts as part of the government's crackdown on grand… Read more »
Citizen, 23 June 2017
The Bank of Tanzania (BoT) has issued new licensing measures to Forex Bureaus operating in the country in a fresh bid to strengthen the foreign exchange market. Read more »
Daily News, 8 February 2017
The government has put local bureaux de change under tight surveillance in an attempt to ensure the shops are not turned into dens for money laundering. Read more »
The president's attempts to fight corruption through tougher regulatory demands in all industries has led to the country's biggest foreign investors in mining, telecoms and ... Read more »