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Behind Tanzania’s bold fight against financial crime

Finance Minister, Dr Mwigulu Nchemba (left), shakes hands with Financial Intelligence Unit (FIU)commissioner, 
Mr Magana Majaba. Tanzania has made significant progress in combating financial crimes. PHOTO | FILE

By  Mpoki Thomson

Executive Editor

Mwananchi Communications Limited

Dar es Salaam. In a landmark achievement for the nation’s financial reputation, Tanzania was officially removed from the Financial Action Task Force (FATF) grey list in June 2025, marking a significant step forward in its efforts to combat money laundering, terrorist financing and related financial crimes.

The FATF grey list is reserved for jurisdictions under increased monitoring due to strategic deficiencies in their anti-money laundering and counter-terrorism financing (AML/CFT) frameworks.

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