Financial Crime World

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Tanzania’s Efforts to Combat White-Collar Crimes in Finance

At the 10th Session of the Conference of the States Parties to the United Nations Convention against Corruption, held in Atlanta, USA from December 11-15, 2023, the United Republic of Tanzania reaffirmed its commitment to combating white-collar crimes in finance.

Progress in Implementing the UN Convention Against Corruption

According to a statement by Tanzania’s representative, the country has made significant progress in implementing the UN Convention Against Corruption. This includes hosting the commemoration of the 20th Anniversary of the African Union Convention on Preventing and Combating Corruption, where States Parties renewed their commitment to effective implementation of the Convention and shared innovations that could facilitate more effective functioning of anti-corruption systems.

Strengthening Bilateral Cooperation

Tanzania has also taken additional steps to strengthen its bilateral cooperation by signing Memorandums of Understanding with other Anti-Corruption Authorities and Partners. These engagements have helped the country develop various investigative and prosecutorial instruments and tools, including:

  • Mutual Legal Assistance Guidelines
  • Investigation Checklist Manual
  • Standard Operating Procedures for the investigation and prosecution of corruption and related offenses
  • Whistle Blowers and Witness Protection Regulations

Legislative Measures to Combat Corruption

Furthermore, Tanzania has taken legislative measures to enhance the fight against corruption, organized crimes, and money laundering by amending various laws and regulations. The country has also initiated a number of anti-corruption initiatives aimed at preventing all forms of corruption prior to its occurrence.

These include collaborations with government institutions, NGOs, media, and civil society organizations to:

  • Sensitize the public
  • Conduct campaigns, workshops, and educational programs that promote integrity, ethics, and transparency

Involving Youth in Anti-Corruption Efforts

In addition, Tanzania is involving youth in anti-corruption efforts through the establishment of Anti-Corruption Clubs from primary, secondary, and tertiary institutions. The country is also reviewing its Education Policy to include subjects related to corruption, ethics, and integrity in both primary and secondary schools’ curricula.

Challenges in Combating Corruption

Despite the progress made, Tanzania still faces challenges in the area of Mutual Legal Assistance, including:

  • Delays in providing feedback on requests
  • Instances where there has been no response at all
  • Variation in legal systems, which makes asset recovery more challenging

Conclusion

In conclusion, Tanzania reaffirms its strong commitment to continuing cooperating and collaborating with State Parties, international organizations, and other regional bodies in the fight against corruption, in accordance with international and regional instruments that Tanzania has signed and ratified.