Bank of Tanzania revokes FBME Bank’s licence after US ruling

Bank was deemed a money-laundering risk in 2014, after US report highlighted concerns

Bank of Tanzania
The Bank of Tanzania

The Bank of Tanzania has withdrawn the operational licence of FBME Bank and placed it into liquidation following an investigation conducted by the US government into supposed money-laundering activities.

The international commercial bank – which specialised in several cross-border services – was formerly known as the Federal Bank of the Middle East and was headquartered in Dar es Salaam, Tanzania. In 2012, the bank was regarded as the largest in the African nation, with $2 billion worth of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account