Fight against greylisting quickens, as deadline looms

Kenneth Matambo. PIC: PHATSIMO KAPENG
Kenneth Matambo. PIC: PHATSIMO KAPENG

The Ministry of Finance and Development Planning believes significant progress has been made in achieving milestones set by an international money laundering body, ahead of the January 2020 deadline set.

The Financial Action Task Force (FATF), the leading anti-money laundering agency founded by the world’s richest countries, greylisted Botswana last October citing institutional and structural deficiencies in the country’s anti-money laundering defences.

On the FATF’s recommendations, the European Union (EU) in February blacklisted Botswana and 22 other countries, citing the weak systems and saying it “had to make sure that dirty money from other countries does not find its way to our financial system”.

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...

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