Botswana grey listed for money laundering, financing terrorism

No Image

Minister of Defence, Justice and Security, Shaw Kgathi says Botswana has been given until 2020 to rectify its grey listing following negative feedback from two bodies tasked with fighting money laundering and terrorism financing.

Officially opening this year’s judicial conference on ‘Botswana Legal Framework on Anti-Money Laundering and Counter Terrorist Financing’ Kgathi said the country as a member of the Eastern and Southern Anti-Money Laundering Group (ESAAMLG) and affiliate of the Financial Action Task Force (FATF) has failed to live up to expectation in the fight against these threats. 

“In spite of our commitment to compliance with ESAAMLG and FATF recommendations, Botswana experienced feedback that there were deficiencies in respect of our compliance with the measures and standards of the aforesaid bodies we are affiliated to,” he said. 

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