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7/30/2019 Parliamentary Resolution Tasking the Government of United Republic of Tanzania to Investigate and Take Action A…
http://slidepdf.com/reader/full/parliamentary-resolution-tasking-the-government-of-united-republic-of-tanzania 1/3
PARLIAMENT OF TANZANIA
RESOLUTION NO.9/20121
PARLIAMENTARY RESOLUTION TASKING THE GOVERNMENT OF
UNITED REPUBLIC OF TANZANIA TO INVESTIGATE AND TAKE ACTION
AGAINST TANZANIANS HIDING ILLICIT MONEY OFFSHORE
Since, the act of hiding money offshore is against foreign
exchange act, 1992, Bank of Tanzania act 2006 and Banking and
Financial institution act 2006 and that the assets hidden are either
proceeds of corruption or tax evasion or avoidance;
Since, only the governor of Bank of Tanzania shall permit transfer
of money from United Republic of Tanzania and opening of a
foreign Bank account in another country;
Since, Tanzanians with foreign bank accounts might have
contravened the laws mentioned and that hiding money in
offshore accounts is illegal;
Since, our country has been in crisis of foreign exchange as well as
tax revenue to finance our own development;
1This resolution is a result of a private members motion moved by Rt. Hon. Kabwe Zuberi Zitto, MP on 9
th
Novermber, 2012.
7/30/2019 Parliamentary Resolution Tasking the Government of United Republic of Tanzania to Investigate and Take Action A…
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Therefore, The Parliament of the United Republic of Tanzania, in its
9th session makes the following RESOLUTIONS:-
1. That, The Government shall investigate extensively, using
internal and external expertise on the illicit money transfer
from Tanzania and Tanzanians hiding money in tax havens
and other offshore jurisdiction and submit its report at the 11th
session of parliament. If the report will not suffice, parliament
will form its own parliamentary probe team.
2. That, all Tanzanians with foreign bank accounts must explain
how they obtained the money and Prevention of Corruption
Bureau (PCCB) shall take actions against all owning wealth
not in line with their legal incomes.
3. That, the government communicate with the World Bank’s
Assets Recovery Unit so that they help to trace and bring
back hidden cash and assets of Tanzanians in Switzerland
and other offshore jurisdictions as these assets are either
products of tax evasion, tax avoidance or corruption.
4. That, the government explore the feasibility of introducing a
financial transaction tax in order to track the flow of money
in and outside the country
7/30/2019 Parliamentary Resolution Tasking the Government of United Republic of Tanzania to Investigate and Take Action A…
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5. That the government shall report to Parliament during the
11th session of Parliament.
Passed by National Assembly on the 9th November, 2012
(signed)
Dr. Thomas D. Kashilila
Clerk of the National Assembly