Company Information

Get to know Bank M Tanzania

Bank M Tanzania Plc was a commercial bank headquartered in Dar es Salaam, Tanzania, that commenced operations in 2007. It focused primarily on corporate and investment banking, targeting high-net-worth individuals and large corporations with a mission to be a leading innovative and service-oriented bank. However, in August 2018, the Bank of Tanzania (the country's central bank) took over its management due to critical liquidity issues and failure to meet maturing obligations. This led to its eventual acquisition and merger into Azania Bank in January 2019, at which point the Bank M brand and entity ceased to exist.

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Bank M Tanzania

Tanzania

Founded in

2007 (19 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.