Financial Intelligence Unit of Tanzania - Anti-Money Laundering Guidelines to Banking Institutions


Banking institutions have an indispensable role to play in combating money laundering and terrorism financing given their unique position and role in the financial system and economy. These institutions should put in place policies, programs and procedures for detecting and preventing money laundering and financing of terrorism, and establish clear responsibilities and accountabilities to ensure that these policies, procedures, programs and controls which deter criminals from using their facilities for money laundering, are implemented and maintained. The Financial Intelligence Unit of Tanzania's Guidelines to Banking Institutions outlines these requirements, and sets forth provisions on the following topics:

1. Policies, Procedures, Programs and Controls
2. Know Your Customer, Customer Due Diligence, Customer Identity Verification and Record Keeping
3. Reporting and Establishing Contact Point with the Financial Intelligence Unit
4. Appointment and Role of Money Laundering Reporting Officer
5. Staff Training and Awareness
6. Protection of Reporting Persons and Staff
7. Tipping Off

Document Details

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Wednesday, April 1, 2009
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Financial Intelligence Unit of Tanzania
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