Regulatory Alerts2013-01-01
Data Submission to the Credit Reference Databank September 2013
The Bank of Tanzania mandates all banking institutions to submit accurate and up-to-date credit data to its Credit Reference Databank on a monthly basis. Effective December 1, 2013, non-submission or submission of incorrect data will incur penalty charges under Section 32 of the Banking & Financial Institutions Act, 2006. The circular highlights prevalent data quality flaws, including default values in mandatory fields and inaccurate past-due contract metrics, requiring immediate corrective action.
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