Financial Crime World

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International Cooperation Crucial in Fighting Financial Crime in Tanzania

Kyoto, Japan - The United Republic of Tanzania has emphasized the importance of international cooperation in combating financial crime, including money laundering and corruption.

Measures to Combat Transnational Organized Crimes

The country has taken several measures to combat transnational organized crimes, including:

  • Domesticating key United Nations Conventions through legislation, such as:
    • Economic and Organized Crimes Control Act
    • Drugs Control and Enforcement Act
    • Proceeds of Crime Act
  • Establishing institutions aimed at strengthening the fight against financial crime, including:
    • Judiciary
    • Drugs Control and Enforcement Authority
    • National Anti-Human Trafficking Secretariat

Preventive Measures

Tanzania has also put in place a number of preventive measures, including:

  • Public awareness campaigns
  • Strengthening school curriculums on drugs and corruption
  • Involving stakeholders such as NGOs and international agencies

Commitment to United Nations Conventions

Mganga highlighted the importance of the UN 2030 Agenda in promoting peaceful and inclusive societies, providing access to justice for all, and building effective institutions. He noted that Tanzania has:

  • Established a National Counter Terrorism Center (NCTC)
  • Taken measures to protect critical infrastructures against terrorist attacks
  • Strengthened the capacity of public institutions dealing with corruption prevention, including:
    • Prevention and Combating of Corruption Bureau (PCCB)
    • Zanzibar Anti-Corruption and Economic Crimes Authority (ZAECA)
    • Financial Intelligence Unit

Amendments to Laws

Amendments have been made to the Economic and Organized Crime Control Act and the Proceeds of Crime Act to ensure that nobody benefits from crime.

Commitment to Discharging Obligations

Mganga reiterated Tanzania’s commitment to discharging its obligations under United Nations Conventions in advancing crime prevention, criminal justice, and the rule of law.