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MUTUAL EVALUATIONS


2ND FUR OF TANZANIA-SEPTEMBER 2023

This Follow up Report (FUR) sets out Tanzania’s progress in strengthening anti-money laundering and counter terrorist financing measures. Tanzania has been in an enhanced follow-up process following the adoption of its Mutual Evaluation Report in 2021 and FUR with rerating in September 2022. In line with the ESAAMLG’s Second Round Procedures for Mutual Evaluations and Follow up Process, the country has reported back to the ESAAMLG on the action it has taken since its 2021 MER and 2022 FUR. Tanzania has made significant overall progress in resolving the technical compliance shortcomings identified in its MER and ratings for 7 Recommendations have been revised. The jurisdiction has addressed the deficiencies in respect of Recommendations 10 (PC), 13(PC), 18(NC) and 19 (NC). The ESAAMLG upgraded the rating for Recommendations 12, 13, 17, 18 and 19 with Compliant (C) and Recommendation 10 with Largely Compliant (LC). In relation to Recommendations 6, 12 and 17 (initially rated NC), the ESAAMLG agreed re-rating for the recommendations with Partial Compliant (PC) since moderate shortcomings still remain on the recommendations. Tanzania will remain in enhanced follow-up and will continue to inform the ESAAMLG of the progress made in improving the implementation of its AML/CFT measures.

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 Posted:  04, Dec 23