Ndugu,
as the globe in general is taking measures towards combatting the effects of money laundering and financial crime due to its paramount effect on a nations economy, one cant help to wonder where do we stand a nation.
The Bank of Tanzania has a useful outline of legislation and circulars in place however I couldn't find the actual circulars,
However i came across Circular No 8 relates to suspicious activity and money laundering specifically. However one source states:
I also understand that they may be reviewing their Proceeds of Crime Act 1991 although I can't find any Bills on this at the present time.to my understanding it was brought to parliament sometime back in 2003 but it was pushed aside and schuduled to apear again before parliament this year
Tanzania does not have a body to supervise financial institutions, nor is it a member of the Egmont Group however it is a part of the Eastern and Southern Africa Anti-Money Laundering Group although they haven't yet published their evaluation for this country yet. Transparency International have placed it at 90 out of 146 for corruption (ie quite high as 146 is the most corrupt).