Tanzania's progress in strengthening measures to tackle money laundering and terrorist financing

Publication details

Language

English

Country

Tanzania

Tanzania: Follow-Up Report 2022

Filename
ESAAMLG-Tanzania-FUR-2022.pdf
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801 KB
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application/pdf
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United Republic of Tanzania has made progress in addressing some of the technical compliance deficiencies identified in its MER.

The country has addressed the deficiencies in respect of the following Recommendations which have been re-rated as follows:

  • Recommendation 3 (initially rated PC) is re-rated to Compliant
  • Recommendation 5 (initially rated PC) is re-rated to Largely  Compliant

Tanzania will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving and implementing its AML/CFT measures.

Technical Compliance

Ratings which reflect the extent to which a country has implemented the technical requirements of the FATF Recommendations.

Tanzania Follow-Up Report 2022

missOrigin

R.1 - Assessing risk & applying risk-based approach
PC
R.2 - National cooperation and coordination
PC
R.3 - Money laundering offence
C
R.4 - Confiscation and provisional measures
LC
R.5 - Terrorist financing offence
LC
R.6 - Targeted financial sanctions related to terrorism & terrorist financing
NC
R.7 - Targeted financial sanctions related to proliferation
NC
R.8 - Non-profit organisations
NC
R.9 - Financial institution secrecy laws
LC
R.10 - Customer due diligence
PC
R.11 - Record keeping
LC
R.12 - Politically exposed persons
NC
R.13 - Correspondent banking
PC
R.14 - Money or value transfer services
LC
R.15 - New technologies
PC
R.16 - Wire transfers
PC
R.17 - Reliance on third parties
NC
R.18 - Internal controls and foreign branches and subsidiaries
NC
R.19 - Higher-risk countries
NC
R.20 - Reporting of suspicious transactions
LC
R.21 - Tipping-off and confidentiality
C
R.22 - DNFBPs: Customer due diligence
PC
R.23 - DNFBPs: Other measures
PC
R.24 - Transparency and beneficial ownership of legal persons
PC
R.25 - Transparency and beneficial ownership of legal arrangements
NC
R.26 - Regulation and supervision of financial institutions
PC
R.27 - Powers of supervisors
LC
R.28 - Regulation and supervision of DNFBPs
NC
R.29 - Financial intelligence units
LC
R.30 - Responsibilities of law enforcement and investigative authorities
C
R.31 - Powers of law enforcement and investigative authorities
PC
R.32 - Cash couriers
PC
R.33 - Statistics
PC
R.34 - Guidance and feedback
PC
R.35- Sanctions
PC
R.36 - International instruments
LC
R.37 - Mutual legal assistance
LC
R.38 - Mutual legal assistance: freezing and confiscation
LC
R.39 - Extradition
C
R.40 - Other forms of international cooperation
LC

C = compliant   |   LC = largely compliant     |   PC = partially compliant   |   NC = non-compliant

Earlier reports

  • 13 Jul 2021

    Tanzania's measures to combat money laundering and terrorist financing This report summarises the AML/CFT measures in place in the Tanzania as at the date of the on-site visit (1-12 July 2019). It analyses the country’s level of compliance with the FATF 40 Recommendations and the level of effectiveness of the AML/CFT system, and recommends how the system could be strengthened.

  • 15 Dec 2009

    Mutual Evaluation of Tanzania Tanzania is a member of ESAAMLG, the assessment of the implementation of anti-money laundering and counter-terrorist financing (AML/CFT measures in Tanzania was conducted by ESAAMLG.

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