Tanzania Removed From FATF Grey List for Money Laundering & Terrorist Financing Increased Monitoring

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Tanzania Removed From FATF Grey List for Money Laundering & Terrorist Financing Increased Monitoring - Sputnik Africa, 1920, 16.06.2025
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Tanzania Removed From FATF Grey List for Money Laundering & Terrorist Financing Increased Monitoring

The Tanzanian Ministry of Finance announced the decision, which was confirmed by Financial Action Task Force President Elisa de Anda Madrazo after a general meeting in Strasbourg, France.

Finance Minister Mwigulu Nchemba welcomed the decision, reaffirming Tanzania's commitment to protecting its financial systems and promising continued collaboration to combat illicit financing, with the goal of maintaining the country's reputation for integrity and transparency.

ℹTanzania was initially placed on the grey list in October 2022 due to identified weaknesses in its framework for addressing financial crimes.

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