NPOs Prone To Money Laundering, Terrorist Funding

Monday, May 27, 2019

FRANCISTOWN: The Minister of Nationality, Immigration and Gender Affairs (MNIGA), Ngaka Ngaka has raised a concern over the alarming rate at which Non-Profit Organisations (NPO), especially churches are becoming susceptible to money laundering and terrorist funding (ML/TF).

He was speaking at the Societies Pitso for NPOs, which was held recently at Adansonia Hotel to address issues of registration of a society, compliance to the societies act, ML/TF, tax evasion and records management.

The event is the second of its kind nationally and comes after the Financial Action Task Force (FATF), a global anti-money laundering organisation, placed Botswana under high-risk countries.

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NPOs Prone To Money Laundering, Terrorist Funding

FRANCISTOWN: The Minister of Nationality, Immigration and Gender Affairs (MNIGA), Ngaka Ngaka has raised a concern over the alarming rate at which Non-Profit Organisations (NPO), especially churches are becoming susceptible to money laundering and terrorist funding (ML/TF).

Stanbic pretax profits up 11%

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Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!