Posted: 09, Nov 18
ESAAMLG (2017), First Round Mutual Evaluation - Post Evaluation Progress Report of Tanzania on Anti-Money Laundering and Counter-Terrorist Financing Measures.Download Document
Posted: 01, Sep 18
ESAAMLG COUNCIL OF MINISTERS ADOPTS THE MUTUAL EVALUATION REPORT FOR THE UNITED REPUBLIC OF TANZANIA
The ESAAMLG Council of Ministers approved and adopted the mutual evaluation report for the United Republic of Tanzania in December 2009. The report was prepared by ESAAMLG experts and before its approval by the Council of Ministers it was fully discussed and adopted by the ESAAMLG Task Force of Senior Officials in August 2009.
The report records the significant commitment of the Government of the United Republic of Tanzania in establishing an AML/CFT framework The Anti Money Laundering Act 2006 (AML Act) and the Prevention of Terrorism Act 2002 (POTA) are the key enactments which support the AML/CFT legal framework in the United Republic of Tanzania. AML Regulations have also been issued for implementing the AML Act. The AML Act addresses some core requirements applicable to financial institutions by imposing AML/CFT obligations on â€œreporting personsâ€, which is defined to include certain financial institutions and Designated Non-Financial Businesses and Professions (DNFBPs), under the FATF definitions of those terms. The Act also provides for the establishment of a Financial Intelligence Unit and a National Multidisciplinary Committee on Anti-Money Laundering.
The report further identifies areas of deficiencies in the AML/CFT framework of the United Republic of Tanzania. It makes comprehensive recommendations on actions that the United Republic of Tanzania needs to take in the short and medium terms to develop its AML/CFT system to comply over time with international standards.
Posted: 08, Jan 17
|Memorandum of Understanding|
|Trends and Methods|
|Country National Strategies|
|Compliance and Financial Inclusion|