Stanbic Bank
Stanbic Bank
For immediate release
Dar es Salaam 1st December 2014.
STANBIC Bank Tanzania has been made aware of the Parliamentary report regarding IPTL and the Tegeta Escrow account and the associated suggestion that the Bank might have permitted money laundering through banking an affected party. We are satisfied that Stanbic Bank Tanzania has complied with all of its anti-money laundering obligations and co-operated fully with the authorities in their investigations. We wish to reassure our customers that Stanbic Bank Tanzania has stringent and robust processes in place to comply with the fiduciary and regulatory laws as set by the government of Tanzania.
We remain committed to serving our customers.
Management