Stanbic
Bank Tanzania has been made aware of the Parliamentary report regarding
IPTL and the Tegeta Escrow account and the associated suggestion that the Bank
might have permitted money laundering through banking an affected party.
We are
satisfied that Stanbic Bank Tanzania has complied with all of its anti-money
laundering obligations and co-operated fully with the authorities in their
investigations. We wish to reassure our customers that Stanbic Bank Tanzania
has stringent and robust processes in place to comply with the fiduciary and
regulatory laws as set by the government of Tanzania.
We
remain committed to serving our customers.
Management
Stanbic Bank Tanzania
CCM government take note...this type of announcement is what we call trying to show 'transparency' and acknowledge when things go wrong. You could learn a thing or two here on how to conduct yourselves in a more accountable manner. No one is invincible.
ReplyDeleteSTANBIC, BRING BACK OUR MONEY!!!
ReplyDeleteThe statement from the management still leaves many questions unanswered.Are they denying that no money laundering took place through their bank?From the statement,it does not seem like they are acknowleding anything.They are simply stating that they have been informed which does not entail acknowleding.In anycase, I think that is a poor statement coming from the bank's management.They can do better.
ReplyDeleteAnd by the way,that is not transparency,it is called Damage Control.Transparency does not come after the fact.You cant be caught doing an illegal activity and issue a statement afterwards and call it transparency.My fellow commenter,I believe you have your facts mixed up.
ReplyDeletewaambie hao!
ReplyDeleteAnonymous questioning what I meant by 'transparency'....I did not elaborate. The fact that they admitted that they allowed money to be laundered through their bank and that they gave a public notice of the fact. they did not have to announce it here...but they did. that's the 'transparency' I was referring to...i.e. opening themselves up to scrutiny and hopefully retribution on their part. I was hoping for the same 'transparency after the fact' to be shown by CCM and the private business men involved in this scandal after being caught out. I could have used other terminologies, but I wanted to clear with you why I used the ones I did. You are right...it is hard to demonstrate transparency after the fact...after being caught...but I was hoping that maybe kind words, will help them admit their sins and confess. But you are right...it is damage control. But now Stanbic has opened itself up enough for us to scrutinize and be aware of how it operates. Can CCM do the same? We are together in this as citizens. Maybe I am being to kind to the culprits. Thank you for the debate.
ReplyDelete