of Banking Practice
The Association is about to adopt a Code
of Banking Practice which sets out standards for good banking
practice. Member banks subscribing to this Code will undertake
to adhere to the provisions of the Code when dealing with
The Association is working closely with the
Government, the Bank of Tanzania and other stakeholders on
Anti-Money Laundering. Specific recommendations have been made
for consideration by the appropriate Authorities.
SADC Banking Association
The Tanzania Bankers Association is a member
of the SADC Banking Association comprised of 12 national associations
of banks in the SADC Region. The SADC Banking Association
was established in 1998 with the objective of co-ordinating
activities of member Associations. It is currently involved
in various projects including the following:
Norms of Good Banking Practices.
Public Private Partnership; and
Common Anti-Money Laundering Legislation.
Dar es Salaam Electronic
A decision to migrate ownership and management
of the Dar es Salaam Electronic Clearing House from the Bank
of Tanzania to Tanzania Bankers Association has been taken.
To this end, the Association is working hand in glove with
the National Payment System of the Bank of Tanzania to refine
the system and determine the most cost effective take-over
alternative of the Clearing House. The ultimate objective
is to achieve an efficient and sustainable national payment