The Financial Intelligence Unit
The Financial Intelligence Unit (FIU) Tanzania is a government agency under the Ministry of Finance that collects, analyzes, and disseminates financial intelligence to combat money laundering, terrorist financing, and proliferation financing in Tanzania, serving banks, insurers, capital market operators, DNFBPs, and law enforcement agencies.
- Company typePrivate
- Founded2009
- HeadquartersDar Es Salaam, Tanzania
- Headcount11–50
- GTM typeB2B
- OfferingServices
What The Financial Intelligence Unit does
The Financial Intelligence Unit (FIU) Tanzania is a statutory government agency established under the Anti-Money Laundering and Proceeds of Crime Act No.10 of 2009, operating under the supervision of the Ministry of Finance of the United Republic of Tanzania. Headquartered at 1 Madaraka Street in Dar es Salaam with coordination in Zanzibar through the President's Office Finance and Planning, the FIU serves as the central national authority for receiving, analyzing, and disseminating financial intelligence to competent authorities in order to combat money laundering (ML), terrorist financing (TF), and proliferation financing (PF). Its reporting base spans banks, microfinance and credit institutions, insurance companies and pension funds regulated by TIRA, capital market operators regulated by CMSA, the real estate sector, and Designated Non-Financial Businesses and Professions (DNFBPs) including lawyers, accountants, trust and company service providers, and dealers in precious metals and stones.
The FIU's core technology infrastructure is built around the goAML system — a software platform developed by the United Nations Office on Drugs and Crime (UNODC) to strengthen member states' capacity against organized crime — which serves as the primary channel for receiving Suspicious Transaction Reports, Currency Transaction Reports, and other regulatory filings from reporting entities. Adjacent platforms include NASMS (Nonprofit Sector Monitoring System), a Whistle Blower Portal for confidential public reporting of suspected financial crimes (supporting anonymous submissions), an MLRO Registration System for Money Laundering Reporting Officers, and a Government Mailing System certified to ISO/IEC 27001:2022 and ISO 9001:2015. The agency is a member of the Egmont Group of Financial Intelligence Units, participates in the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), and works within FATF frameworks — having secured Tanzania's removal from the FATF grey list effective 13 June 2025.
FIU Tanzania is not a commercial enterprise; its funding derives from the national budget through the Ministry of Finance and it does not sell products or services or engage in commercial marketing. Its "go-to-market" model is regulatory: it issues legislation, regulations, and guidelines (including the AML Act Cap. 423 RE 2023, AMLPOCA amendments, and sector-specific guidance), conducts training and awareness programs, and supervises reporting entities through inspections and enforcement actions. Between 2022 and 2025 the agency shared 47 intelligence reports with PCCB leading to 36 formal investigations and processed 141 requests for information between 2023 and 2025, demonstrating operational throughput. The organization operates with a small headcount (11-50 employees) and is led by Commissioner Mr. Majaba S. Magana.
The Financial Intelligence Unit firmographics
Firmographics- Name
- The Financial Intelligence Unit
- Legal name
- Financial Intelligence Unit
- Website
- https://fiu.go.tz
- Company type
- Private
- Founded year
- 2009
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- The Financial Intelligence Unit (FIU) Tanzania is a government agency under the Ministry of Finance that collects, analyzes, and disseminates financial intelligence to combat money laundering, terrorist financing, and proliferation financing in Tanzania, serving banks, insurers, capital market operators, DNFBPs, and law enforcement agencies.
- Ownership category
- akta.pro rank
The Financial Intelligence Unit industry classification
Industry- Product category
- Financial Intelligence and AML/CFT Supervision
- NAICS
- Monetary Authorities-Central Bank (521)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Regulatory Reporting & Recordkeeping (AML/CTF) (FSAMAMAG)
- akta.pro secondary industries
- Case Management, Investigations & SAR/STR Filing (FSAMAMAF), Financial Crime, AML/CFT & Sanctions Compliance (BPAHAFAE)
Keywords
Where The Financial Intelligence Unit is headquartered
LocationHeadquarters
- HQ city
- Dar Es Salaam
- HQ country
- Tanzania
- HQ region
- Africa
Offices1 record
Markets served
The Financial Intelligence Unit business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Infrastructure, Others
Distribution channels5 records
Marketing channels4 records
The Financial Intelligence Unit product offering
Product offeringCore offering
The Financial Intelligence Unit (FIU) Tanzania is the central national agency responsible for receiving, analyzing, and disseminating financial intelligence to competent authorities to combat money laundering, terrorist financing, and proliferation financing. It operates the goAML reporting platform for receiving Suspicious Transaction Reports and Currency Transaction Reports from banks, insurers, capital market operators, real estate entities, and DNFBPs, alongside the NASMS portal for nonprofit monitoring and a Whistle Blower portal for public tips. The unit also supervises reporting entities, conducts national risk assessments, registers Money Laundering Reporting Officers, and exchanges intelligence with foreign FIUs through the Egmont Secure Web.
Product overview
The Financial Intelligence Unit (FIU) Tanzania is a government agency under the Ministry of Finance responsible for combating money laundering, terrorist financing, and proliferation financing. The FIU operates a suite of digital platforms: the goAML portal for receiving and processing Suspicious Transaction Reports from reporting entities, the NASMS system for monitoring the nonprofit sector, a Whistle Blower portal for confidential reporting of financial crimes, and supporting systems for MLRO registration. These interconnected systems form the national AML/CFT/CFP reporting and compliance infrastructure.
Differentiator
Problem solved
Functional benefit
Brands
- goAML: The goAML system is a software platform used by FIU Tanzania for receiving and processing financial intelligence reports from reporting entities.
- NASMS
Products and services
- goAML Reporting Platform
Quantifiable outcome
- 47 Intelligence reports shared with PCCB between 2022-2025, leading to 36 formal investigations
- +2 more outcomes
Companies that use The Financial Intelligence Unit
Customer profileSegments7 records
Ideal customer profiles6 records
The Financial Intelligence Unit technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
The Financial Intelligence Unit partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core and key.
- PCCB (Prevention and Combating of Corruption Bureau)corePCCB and FIU signed a Data Sharing Agreement to strengthen cooperation in combating corruption, money laundering, terrorist financing, and proliferation financing. The signing took place at PCCB Headquarters in Dodoma on 24 September 2025. The agreement formalizes data sharing and fulfills requirements of the 2023 e-Government Act.
- FIU BotswanakeyOn 29 August 2025, FIU Tanzania and FIU Botswana signed an MoU to enhance cooperation in combating financial crimes. The signing took place on the sidelines of the ESAAMLG Annual Meeting in Addis Ababa, Ethiopia. The agreement covers exchange of financial intelligence, improving investigative frameworks, and joint efforts against Money Laundering, Terrorist Financing, and Proliferation Financing.
- FIU EthiopiakeyMoU signed between FIU Tanzania and FIU Ethiopia for cooperation in combating financial crimes through exchange of financial intelligence and mutual assistance.
- FIU DjiboutikeyMoU signed between FIU Tanzania and FIU Djibouti for cooperation in combating financial crimes.
- FIU SudankeyMoU signed between FIU Tanzania and FIU Sudan for cooperation in combating financial crimes.
- FIU MauritiuskeyMoU signed between FIU Tanzania and FIU Mauritius for cooperation in combating financial crimes.
- FIU BangladeshkeyMoU signed between FIU Tanzania and FIU Bangladesh for cooperation in combating financial crimes.
- FIU PolandkeyMoU signed between FIU Tanzania and FIU Poland for cooperation in combating financial crimes.
- FIU ZimbabwekeyMoU signed between FIU Tanzania and FIU Zimbabwe for cooperation in combating financial crimes.
- PCCB (Prevention and Combating of Corruption Bureau)coreMoU signed between FIU and PCCB for cooperation in combating corruption and related financial crimes. This MoU preceded the 2025 Data Sharing Agreement.
- FIU KenyakeyMoU signed between FIU Tanzania and FIU Kenya for cooperation in combating financial crimes.
- FIU UgandakeyMoU signed between FIU Tanzania and FIU Uganda for cooperation in combating financial crimes.
- FIU ZambiakeyMoU signed between FIU Tanzania and FIU Zambia for cooperation in combating financial crimes.
- Egmont Group of Financial Intelligence UnitscoreFIU Tanzania is a member of the Egmont Group, which facilitates and promotes the exchange of information, knowledge, and cooperation amongst member Financial Intelligence Units across the world. Tanzania hosted the 2026 Egmont WG/RG Meetings in Arusha.
- Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG)coreFIU Tanzania participates in ESAAMLG, a regional body that promotes compliance with international AML/CFT standards and facilitates cooperation among member states in Eastern and Southern Africa.
- Financial Action Task Force (FATF)coreFIU Tanzania works under FATF standards and frameworks. Tanzania was removed from the FATF grey list in June 2025, demonstrating compliance with AML/CFT recommendations.
- United Nations Office on Drugs and Crime (UNODC)coreUNODC developed the goAML software system used by FIU Tanzania for financial intelligence management. The goPortfolio initiative helps member states strengthen their capacity to fight organised crime.
- e-Government AuthoritykeyThe e-Government Authority provides IT infrastructure and support services to FIU Tanzania, including the Government Mailing System and website development/maintenance.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
The Financial Intelligence Unit competitors and assessment
Company assessmentBroad incumbents
- Refinitiv World-Check (LSEG): Commercial provider of AML/KYC watchlist and adverse-media data serving the same reporting-entity universe that FIU Tanzania supervises. Adjacent incumbent in financial-crime compliance with overlapping customer base but a commercial, data-vendor model.
- AUSTRAC (Australian Transaction Reports and Analysis Centre): Australia's FIU and anti-money laundering and counter-terrorism financing regulator with a broader remit spanning regulation, intelligence, and compliance enforcement. A mature incumbent model against which peer FIUs benchmark capabilities.
- Dow Jones Risk & Compliance: Commercial AML/sanctions screening and risk-data provider serving banks, insurers, and DNFBPs. Comparable customer segments to those FIU Tanzania regulates, with a complementary (rather than directly competing) role in the AML/CFT ecosystem.
Direct peers
- Financial Reporting Centre (FRC) Kenya: Kenya's national FIU operating under the Proceeds of Crime and Anti-Money Laundering Act. Closest geographic peer in East Africa with comparable mandate, DNFBP oversight, and active bilateral MoU relationship with FIU Tanzania.
- UK National Financial Intelligence Unit (NCA): The UK's national FIU embedded in the National Crime Agency, responsible for receiving and analysing SARs. Comparable core FIU function under a different (FATF-style) regulatory framework with established Egmont Group engagement.
- FinCEN (Financial Crimes Enforcement Network): The US federal FIU under the Department of the Treasury. The most established national FIU globally, with a comparable mandate to receive, analyse, and disseminate financial intelligence and administer AML regulations — directly comparable to FIU Tanzania's role.
- Financial Intelligence Centre (FIC) South Africa: South Africa's national FIU established under the FIC Act, with a mandate to receive STRs/CTRs, analyse financial intelligence, and share with law enforcement. Comparable African FIU operating under similar AML/CFT obligations and ESAAMLG regional framework.
- Nigerian Financial Intelligence Unit (NFIU): Nigeria's national FIU responsible for receiving, analysing, and disseminating financial intelligence. Comparable African FIU with similar AML/CFT mandate, large and complex economy, and active engagement with FATF/ESAAMLG.
Others
- Egmont Group of Financial Intelligence Units: Umbrella body of 166+ member FIUs that operates the Egmont Secure Web and facilitates international information exchange. FIU Tanzania is an active member and is hosting its 2026 WG/RG Meetings, making it a key ecosystem coordinator rather than a competitor.
- United Nations Office on Drugs and Crime (UNODC): UN agency that developed the goAML software platform used by FIU Tanzania and many member-state FIUs. Strategic technology and capacity-building partner rather than a peer, but materially shapes FIU Tanzania's technical capabilities.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Financial Intelligence Unit social profiles
Digital presenceThe Financial Intelligence Unit compliance and trust
Trust signalCompliance2 records
The Financial Intelligence Unit financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Financial Intelligence Unit leadership team
Management profileNumber of profiles
Profiles1 record
The Financial Intelligence Unit funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Financial Intelligence Unit M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Financial Intelligence Unit
What does The Financial Intelligence Unit do?
The Financial Intelligence Unit (FIU) Tanzania is the central national agency responsible for receiving, analyzing, and disseminating financial intelligence to competent authorities to combat money laundering, terrorist financing, and proliferation financing. It operates the goAML reporting platform for receiving Suspicious Transaction Reports and Currency Transaction Reports from banks, insurers, capital market operators, real estate entities, and DNFBPs, alongside the NASMS portal for nonprofit monitoring and a Whistle Blower portal for public tips. The unit also supervises reporting entities, conducts national risk assessments, registers Money Laundering Reporting Officers, and exchanges intelligence with foreign FIUs through the Egmont Secure Web.
Is The Financial Intelligence Unit a public or private company?
The Financial Intelligence Unit is a private company. It is classified as state government owned and is currently operating.
When was The Financial Intelligence Unit founded?
The Financial Intelligence Unit was founded in 2009. It employs 11 to 50 people.
Where is The Financial Intelligence Unit based?
The Financial Intelligence Unit is headquartered in Dar Es Salaam, Tanzania, in the Africa region.
Who are The Financial Intelligence Unit's main competitors?
Broad incumbents on record are Refinitiv World-Check (LSEG), AUSTRAC (Australian Transaction Reports and Analysis Centre) and Dow Jones Risk & Compliance. Direct peers are Financial Reporting Centre (FRC) Kenya, UK National Financial Intelligence Unit (NCA), FinCEN (Financial Crimes Enforcement Network), Financial Intelligence Centre (FIC) South Africa and Nigerian Financial Intelligence Unit (NFIU). Others are Egmont Group of Financial Intelligence Units and United Nations Office on Drugs and Crime (UNODC).
Does The Financial Intelligence Unit have an API?
No public API is recorded for The Financial Intelligence Unit.
What industry is The Financial Intelligence Unit in?
The Financial Intelligence Unit's product category is Financial Intelligence and AML/CFT Supervision. Its primary akta.pro industry code is FSAMAMAG, Regulatory Reporting & Recordkeeping (AML/CTF), with a secondary code of FSAMAMAF, Case Management, Investigations & SAR/STR Filing. Its NAICS code is 521 and its SIC code is 6199.