Kitomari Banking & Finance Blog is a premier site for banking, finance, business, economic, investment and stock market news as well as selected informative articles from Tanzania, East Africa and the rest of the World. We operate 24 hours a day, 365 days a year with complete context, perspective and precision.
Foreign Exchange Rates
CRDB Bank Advert_070325
Selcom Pesa Advert_110225
Standard Chartered Advert_300125
DStv Advert_090724
Thursday, 27 June 2019
CLYDE & CO UPDATER; THE ANTI-MONEY LAUNDERING (AMENDMENT) REGULATIONS 2019
This legal briefing outlines the highlights of the Anti-Money Laundering (Amendment) Regulations of 2019 (the Amendments) which came into force on 24 May 2019. The amendments have been incorporated into the Anti- Money Laundering Regulations of 2012 (the Regulations) and are read as one. Combatting money laundering and terrorist financing is undertaken by the Financial Intelligence Unit (the FIU) which is an extra-Ministerial Department under the Ministry of Finance.
Highlights of the Amendments
Requirements on citizens and residents of Tanzania
Requirements on local entities
Requirement to carry out money laundering and terrorist financing risk assessment
Enhanced due diligence and surrounding circumstances
Where to use simplified customer due diligence measures
No comments:
Post a Comment