The Government will submit to parliament draft legislation to tighten the existing AML framework in line with FATF recommendations and address national jurisdictional issues in support of Tanzania’s AML/CFT action plan agreed with the FATF.
Introduced at R3. Macroeconomic rationale: Supports compliance with international financial norms and integrity of financial system. At R4, Met in advance. The legislation was submitted to parliament in January, approved on February 3, 2012, and signed into law by the President on February 20, 2012.