While Tanzania has made commendable progress in establishing beneficial ownership regulations and fighting IFFs, challenges remain. These include technical and technological issues in data management, resistance to reform from industry and political figures, and gaps in the legal framework and its enforcement. Addressing these IFF risks requires a multi-layered, comprehensive approach involving strategic policy reforms, contract transparency, and strong stakeholder cooperation to unlock the sector’s full potential for the country’s development.

Read more in this report published in April 2025 – https://gfintegrity.org/report/illicit-financial-flows-risks-related-to-beneficial-ownership-in-the-mining-sector-in-tanzania/