TanzaniaThe Financial Intelligence Unit of Tanzania published a revised version of its terrorist financing risk assessment report, which was originally published in May 2022.
The Eastern and Southern Africa Anti-Money Laundering Group published a second follow-up report on Tanzania’s progress on improving its technical compliance with recommended anti-money laundering and counterterrorist financing measures.
In our final installment for 2021, the moneylaundering.com legal team revisits our coverage over the past year.
Legal Brief: AML Regional Group Criticizes Slow Progress in Eastern, Southern Africa
In the latest installment of our series, the ACAMS moneylaundering.com legal team covers recent AML/CTF developments in five African nations.
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.
| Technical | Effectiveness |
|---|---|
| Compliant : 7 | High : 0 |
| Largely Compliant : 12 | Substantial : 0 |
| Partially Compliant : 17 | Moderate : 2 |
| Non-Compliant : 4 | Low : 9 |
Tanzania's technical compliance was re-rated in a follow-up report published on Dec. 4, 2023.
| Rank : 26/141 |
| Score : 6.39/10 |
| Rank : 96/180 |
| Score : 37/100 |
| Rank : 98/133 |
| Score : 71/100 |