The Written Laws (Miscellaneous Amendments) (No. 6) Act, 2019 that came into effect from 19th September 2019 makes amendments to the Penal Code, Cap. 16 to criminalize the act of taking and using for any form of communication photos, pictures, videos or images of corpses, dead persons, victims of crimes or gruesome incidents. The amendments...
Central Bank Imposes Penalties on 5 Banks in Tanzania over Money Laundering The Bank of Tanzania (BoT) has imposed monetary penalties to 5 banks for breach of regulations 17, 22 and 28 of the Anti-Money Laundering Regulations, 2012 for failure to conduct proper customer due diligence and file suspicious transaction reports to Financial Intelligence Unit...
LEGAL ALERT: The Written Laws (Miscellaneous Amendments) (No. 6) Act, 2019 amended the Gaming Act, Cap. 41 to empower the Gaming Board to handle complains arising from gaming activities. The Gaming Board has also been empowered to conduct inspections, seizure, forfeiture of illegal gaming devices. The amendment also requires any person conducting gaming consultancy to...
Download Central Bank Circular – Location of Primary Data Centre in Tanzania
INTRODUCTION: On 21st June 2017 the Bank of Tanzania (BOT) issued a directive to all Bureau de change on re-licensing requirements. The directive among others, required all Bureau de change to be relicensed and comply to operational requirements among others, capital requirements, staffing and governance. Subsequently, late 2018 the Central Bank conducted physical supervisory compliance...
Introduction Following the tabling of the Annual budget for the financial year 2019/2020 before the parliament on 13th June, 2019, the parliament passed the Finance Act, 2019. It become operative on 01st July 2019. The Finance Act, 2019 amends nine laws namely; The Airport Service Charge Act (Cap. 365), The Excise (Management and Tariff) Act (Cap. 147),...
The Tanzania Immigration Services Department has issued a public informaiton that effective 31st July 2019 all Residence Permit Applicaiton shall be online. Download Official Ceasing of Manual Residence Permit
Officially July 2019 the activities of the Tanzania Foods and Drugs Authority (TFDA) have been re-designated to the Tanzania Medicines and Medical Devices Authority (TMDA) and to Tanzania Bureau of Standards (TBS): The Tanzania Food, Drugs and Cosmetics Act, Cap 219 was amended to redesignate the activities that were done by the Tanzania Foods and...
The Written Laws (Miscellaneous Amendments) (No. 3) Act, 2019 (Act No. 9 of 2019) that came into effect on 30th June, 2019 have made comprehensive amendments to the Companies Act (Cap. 212), the Non-Governmental Organisations Act (Cap. 56), the Societies Act (Cap .337) and the Trustees Incorporation Act (Cap. 318). Among others, the amendment to the...
The Government of Tanzania has passed new regulations on Anti Money Laundering to enhance compliance against Money Laundering in Tanzania. The changes came in a set of two regulations comprising of the Anti-Money Laundering (Amendment) Regulations, 2019 (GN No. 419 of 2019) and the Anti-Money Laundering (Electronic Funds Transfer and Cash Transactions Reporting) Regulations, 2019...
FIN & LAW and Cross Border Associates (CBA) entered into an agreement for global alliance to facilitate global cross-border mid-market mergers and acquisitions and all related services.
