The Tanzanian government has urged institutions involved in combating money laundering, terrorist financing, and the financing of proliferation of weapons of mass destruction to enhance cooperation and accountability. This call comes ahead of Tanzania's Third Mutual Evaluation of its Anti-Money Laundering, Countering the Financing of Terrorism and Countering the Financing of Proliferation framework, scheduled for 2028. Deputy Minister for Finance, Engineer Mshamu Ali Munde, made the appeal while opening training sessions in Morogoro Region.
Engineer Munde emphasized that combating these crimes requires collective participation from all mandated institutions, including the Police Force, the Prevention and Combating of Corruption Bureau, and the Tanzania Intelligence and Security Service. He noted that while Tanzania has made progress in previous evaluations, further efforts are needed to strengthen compliance with international standards and demonstrate tangible results achieved through the work of relevant institutions.
The training aims to improve officials' understanding and capacity regarding international standards and individual institutions' responsibilities. It also seeks to strengthen coordination and information-sharing to ensure preparations reflect actual implementation on the ground. Engineer Munde stated that the training will provide institutions with an opportunity to exchange experiences, discuss challenges, and develop joint strategies to address them.
The government's commitment to ensuring Tanzania is fully prepared for the assessment is evident in its efforts to strengthen legal and supervisory frameworks. Additionally, the performance of institutions responsible for implementing anti-money laundering measures is being improved. Engineer Munde represented the Minister for Finance, Ambassador Khamis Mussa Omar, during the opening of the training sessions.
The training sessions are being conducted under the Eastern and Southern Africa Anti-Money Laundering Group. The evaluation is a critical assessment of Tanzania's anti-money laundering and counter-terrorism efforts. A successful evaluation will demonstrate Tanzania's commitment to combating financial crimes.
Tanzania's previous evaluations have shown progress, but the 2028 assessment requires further efforts to ensure compliance with international standards. The Financial Intelligence Unit plays a crucial role in combating money laundering, but it cannot succeed alone. Collective participation from all institutions is necessary to achieve tangible results.
The training sessions will enable institutions to assess their current performance and identify areas for improvement. This will ensure that Tanzania is adequately prepared for the 2028 evaluation. The government's proactive approach demonstrates its commitment to strengthening anti-money laundering and counter-terrorism efforts.
Key points
- The Tanzanian government has called on institutions to strengthen cooperation and accountability ahead of the 2028 evaluation.
- The training aims to improve officials' understanding and capacity regarding international standards.
- The evaluation will assess Tanzania's compliance with international standards in anti-money laundering and counter-terrorism efforts.
