ARUSHA, Tanzania, Feb. 14 (Xinhua) -- Authorities in northern Tanzania's safari capital of Arusha on Thursday said that investigations on foreign exchange shops that were closed late last year are complete and soon they will be opened for business.
Mrisho Gambo, Arusha Regional Commissioner said in an interview that the crackdown operation which was carried out last year on forex shops was a normal precaution procedure executed to ensure that the related business is conducted in safe and well-regulated conditions.
He said that the investigations carried out by a special team are on the final stages and soon the shops will open and resume business.
In November, last year, the Bank of Tanzania (BOT) closed down foreign exchange shops in the country's northern region of Arusha following suspicions of money laundering and associated illegal transactions.
The closure of foreign exchange outlets in Arusha for inspections was part of a countrywide crackdown against masterminds of syndicates behind money laundering and those operating without licenses.
