Financial Crime World

Tanzania Commits to International Cooperation on Financial Crime

Strengthening International Cooperation to Combat Financial Crime

At the 30th Regular Session of the Commission on Crime Prevention and Criminal Justice in Vienna, Austria, the United Republic of Tanzania reaffirmed its commitment to international cooperation in combating financial crime and promoting the rule of law.

Expanding Mutual Legal Assistance

Tanzania has expanded its scope of assistance to include:

  • Preserving and obtaining computer and telecommunication data
  • Interception of postal items
  • Covert electronic surveillance

This expansion aims to enhance mutual legal assistance, assisting investigative and prosecuting authorities worldwide in combating crime and disrupting illicit financial flows.

Combating Illicit Financial Flows

Tanzania has taken steps to curb illicit financial flows by:

  • Lowering the threshold for registration of foreign restraining, forfeiture, and pecuniary penalty orders
  • Reinforcing legal and institutional frameworks on asset recovery

The country is committed to protecting victims, witnesses, and reporting persons, having introduced measures to conceal the identities and whereabouts of witnesses during criminal proceedings.

Zero Tolerance for Corruption

Tanzania has maintained its firm resolve against corruption, taking appropriate measures to ensure zero tolerance for the crime.

Combating Illicit Wildlife Trafficking (IWT)

The scourge of IWT remains a significant challenge in Tanzania. However, thanks to new methods in combating these crimes and regional and international cooperation, the country has witnessed:

  • A dramatic decline in poaching incidents
  • A steep rise in the wildlife population

Commitment to International Obligations

Tanzania emphasized its commitment to discharging its obligations under UN Conventions and their respective protocols, as well as its assurance towards regional and international cooperation through mutual legal assistance and other frameworks.

Combating Organized Crimes

The country stressed the importance of combating organized crimes in all their facets, including:

  • Financial crime
  • Corruption
  • Illicit wildlife trafficking

By strengthening international cooperation and taking concrete measures to combat financial crime, Tanzania is demonstrating its commitment to upholding the rule of law and protecting its citizens.