EU puts Botswana on dirty money blacklist

In a statement, the EU – which is the world’s single richest market – said due to the listing, banks and other entities covered by EU anti-money laundering rules would be required to apply increased checks on financial operations involving customers and financial institutions from the blacklisted countries.

The listing comes as the country’s judiciary wrestles with one of the highest profile money laundering cases involving more than P230 million and a line up of prominent defendants including a former minister, High Court judge, top asset manager and senior government officials.