Tanzania: Central bank seizes lender

Comment on this story

Tanzania’s central bank had taken over the management of a bank accused by the US of large-scale money laundering, it said on Friday. The decision comes after the Central Bank of Cyprus placed two branches of FBME Bank under its control following a report from the US Treasury’s Financial Crimes Enforcement Network describing the bank as a “primary money laundering concern”. Tanzania’s central bank said took control of FBME on Thursday. – Reuters

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.