The Bank of Tanzania (BoT) has issued a public warning against allowing bank accounts or financial services to be used for receiving or transferring funds from unknown sources.Legal Officer Sheikh Naniya emphasized that such actions risk money laundering charges and legal consequences.

The warning was delivered during a public awareness session at the Dar es Salaam International Trade Fair, highlighting the central bank's ongoing efforts to educate citizens about financial risks.

Tanzania has strengthened its anti-money laundering framework through collaboration between regulators and institutions, ensuring compliance with financial laws.

Naniya urged the public to avoid suspicious transactions, such as using accounts for deposits or withdrawals without knowing the funds' origin, and to be cautious about registering assets with unclear funding sources.He stressed that even indirect involvement in illegal activities could lead to legal repercussions.

The BoT continues to raise awareness through various platforms, encouraging citizens to seek accurate information and follow regulatory guidance to prevent financial crimes.Under Tanzanian law, money laundering convictions may result in imprisonment and fines.