Stanbic Bank Media Release on Escrow Saga

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 …