We have been blacklisted...

The business community has asked the government to urgently organise a stakeholders' meeting to look into the blacklisting of Tanzania over claims of money laundering.The business leaders are anxious to see a quick solution to the crisis, which has seen the Financial Action Task Force on Money Laundering (FATF) blacklist the country for failing to meet international standards of doing business. They asserted that the international money-laundering watchdog's action could have serious business consequences for the country. Financial transactions to and from Tanzania would, for example, be subjected to more intense scrutiny.




Blacklisting would make it even harder for the government to woo more prospective foreign investors and business persons.
source {AllAfrica}