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Legal UpdateTanzania Issues New Licensing and Operations Regulations For Forex Bureaux Effective 2023

2 May 2024by finandlaw-admin

INTRODUCTION On 06th October 2023, the Bank of Tanzania (BoT) issued new Foreign Exchange (Bureau de Change) Regulations via Government Notice No. 730 of 2023. The 2023 Regulations replaces the older Foreign Exchange (Bureau de Change) Regulations, 2019. The Regulations cover various aspects related to bureau de change businesses, management, operation as well as supervision...

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Legal UpdateNewsCentral Bank Issues The Financial Consumer Protection Regulations.

28 February 2020by finandlaw-admin

The Central Bank of Tanzania has finally issued the Consumer Protection Regulations known as the Bank of Tanzania (Financial Consumer Protection) Regulations 2019 GN No. 884 of 2019 (“the Regulations”). The Regulations set the mandatory requirements for all banking and Financial Institutions (Financial Service Providers) operating in Tanzania to have in place a Consumer Protection...

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