The bank has placed a moratorium on licensing of forex bureaus on suspicion of money laundering and other illegal transactions. The bank's governor Florens Luoga has said that investigations involving various state agencies are currently underway.
'Tourism Won't Be Affected By Forex Shop Clampdown'
Daily News, 23 November 2018
THE recent clampdown on forex shops in Arusha has not and will not have any effect on the tourism industry, the government assured yesterday. Read more »
Bank of Tanzania (file photo).
Bank of Tanzania Stops Licensing of Forex Bureaus
Monitor, 21 November 2018
The Bank of Tanzania (BoT) has placed a moratorium on licensing of forex bureaus as the regulator moves to crack down on illegal operations and money-laundering. Read more »
Why BoT Is Cracking Down On Forex Shops
Citizen, 21 November 2018
Suspicion of money laundering and associated illegal transactions is the main reason behind Monday's closure for inspection of foreign exchange shops in Arusha. Read more »
Bank of Tanzania Freezes Licensing of Forex Bureaus
East African, 20 November 2018
Tight Security At Arusha Forex Shops
Citizen, 20 November 2018
Foreign exchange shops in Arusha were under tight security from mid-day yesterday, with officers in military uniform keeping vigil at the premises. Read more »
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