�More work needed to combat money laundering�

Seretse
Seretse

Botswana has a long way to go in terms of improving its anti-money laundering policy, says Rose Seretse, director of the Directorate on Corruption and Economic Crime (DCEC).

Money laundering involves criminal activities, such as drug trafficking, smuggling, human trafficking, corruption and others that tend to generate large amounts of profit for the individuals or groups carrying out the criminal acts.

Speaking at the launch of the National Risk Assessment (NRA) in Gaborone last week, Seretse said while the country’s national vulnerability assessment shows the existence of a strong legislative and regulatory framework, there is inability to combat money laundering, suggesting weak enforcement effectiveness.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up