Tanzania Finance Minister Mpango says forex shops are money laundering conduits

Finance and Planning Minister, Dr Phillip Mpango

What you need to know:

Finance and Planning Minister, Dr Phillip Mpango said on Monday, April 1, 2019 that an audit into operations of bureaux de change in Dar es Salaam and Arusha has revealed that money changing shops were being used as agents for money laundering and capital flight.

Also Read

Latest

  1. East African Community approves 10-year tourism plan ahead of AFCON 2027

  2. More than ornaments: How waist beads keep marriages together

  3. Job hopping VS company loyalty: Career smarts or a bad move?

  4. Nyerere Cycling Tour turns Mwalimu’s legacy into community development

  5. New Content Item (1)

    Coin toss ends Serengeti Boys’ 2027 Afcon dream

  6. Rotary Club of Dar host Pickleball tournament to support 600 School desks

In the headlines

View All