The Basel Institute on Governance announced that the Deferred Prosecution Agreement of the United Kingdom Serious Fraud Office with Standard Bank PLC, has culminated with a settlement agreement with Tanzania’s National Prosecution Service.
The Basel Institute on Governance highlighted that over the past year four graduates of its train-the-trainer program have delivered training sessions to over 300 law enforcement officials regarding anti-money laundering matters, asset recovery and mutual legal assistance.
Son of late executive identified as source of Deutsche Bank leaks, Bank of Ireland employees to testify in OneCoin money laundering trial, and more, in the midweek roundup.
Germany launches data-sharing forum, Latvia closes thousands of shell companies, and more, in the midweek roundup.
The Bank of Tanzania issued a notice announcing the fine of TZS175 million against the Dar es Salaam, Tanzania-based financial institution for its violation of regulations 17, 22 and 28 pursuant to Anti-Money Laundering Regulations, 2012.
The Bank of Tanzania announced a fine of TZS325 million against the Dar es Salaam, Tanzania-based bank by the Bank of Tanzania is for its breach of regulations 17, 22 and 28 of the Anti-Money Laundering Regulations, 2012.