Banking sector tightens screws on fraud
Saturday, May 09, 2015
As part of a raft of reforms to counter fraud, a new modernised cheque clearing system, known as the Botswana Automated Clearing House (BACH) is now live. To reinforce the new measures, all cheques in use are to be discontinued by December this year and will be replaced by new ones that have enhanced security features.
Since 2013, BAB has been undertaking a project to modernise the national clearinghouse for interbank payments as part of a broader reform of the National Payment Systems under the auspices of the Bank of Botswana (BoB).
It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...