Money Laundering discussed at Seminar in Tanzania
On July 9, 2008, a seminar on fighting money laundering and terrorism financing took place in Dar es Salaam, Tanzania. This event is conducted by the Treasury and coordinated by the Financial Intelligence Unit (FIU).
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It should be noted that the seminar held in Tanzania is part of a programme aimed at sensitising participants on the Anti-Money Laundering Law that came into force operational in July 2007. The law is aimed to create a strong anti-money laundering and counter-terrorism financing framework in Tanzania.
In accordance with the law, FIU is obliged to create training requirements and provide training for reporting persons as well as for judicial and law enforcement officers.
The seminar was opened by Finance and Economic Affairs minister Mustafa Mkulo.
The Anti-Money Laundering Act, section 4 of which created the Financial Intelligence Unit, was passed in November 2006 by Parliament of Tanzania.