TanzaniaThe Eastern and Southern Africa Anti-Money Laundering Group published its mutual evaluation report on Tanzania’s anti-money laundering and counterterrorist financing measures, reviewing the country’s compliance with Financial Action Task Force Recommendations.
The Basel Institute on Governance signed a memorandum of understanding with the Zanzibar Anti-Corruption and Economic Crimes Authority to deepen anti-corruption efforts in the region.
Legal Brief: AML Regional Group Criticizes Slow Progress in Eastern, Southern Africa
In the latest installment of our series, the moneylaundering.com legal team covers recent AML/CTF developments in five African nations.
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.
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 : 3 | High : 0 |
| Largely Compliant : 12 | Substantial : 0 |
| Partially Compliant : 16 | Moderate : 2 |
| Non-Compliant : 9 | Low : 9 |
| Rank : 26/141 |
| Score : 6.39/10 |
| Rank : 96/180 |
| Score : 37/100 |
| Rank : 98/133 |
| Score : 71/100 |