About the Financial Intelligence
Unit (FIU)
The Financial Intelligence Unit (FIU) was
established under section 4 of the Anti Money Laundering Act, Cap. 423 of 2006
(AMLA) to combat money laundering and the financing of
terrorism.
It is an Extra-Ministerial Department under the
Ministry of Finance. The FIU came into operation in
September, 2007. The head of the FIU is a Commissioner who is
appointed by the President of the United Republic of Tanzania.
AMLA also established the National Multi Disciplinary Committee on Anti Money
Laundering comprising members from both, Tanzania mainland and Zanzibar.
The Committee plays an advisory role on AML/CFT issues in the country.
Primary Function
The primary function of the FIU is to combat money laundering and the
financing of terrorism in Tanzania. It is therefore responsible for
receiving suspicious transaction reports from reporting persons, in
relation to suspected money laundering and terrorist financing
activities, analysing and disseminating intelligence to appropriate
law enforcement agencies for investigation and further action.
The FIU is an integral part of Tanzania's efforts in the fight against
the global crimes of money laundering and terrorist financing.
Detecting, preventing and combating money laundering and related vices
is one important way of maintaining the integrity of the economy and
making Tanzania a good investment destination.
Mission
To lead the war against money laundering and financing of terrorism
in Tanzania in order to safeguard the financial system from financial crime.
We will achieve this by: |
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Implementing the Anti-Money Laundering Act of 2006 |
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• Providing law enforcement agencies with intelligence |
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• Networking with other agencies fighting financial crimes |
Vision
To be a model Financial Intelligence Unit with state of the art
technology that will help establish and maintain an
internationally compliant and an effective anti-money laundering
regime, which will provide a sound, dynamic and strong financial
system for promotion of social justice, political stability and
sustainable economic growth.
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