Botswana flags P6.29bn in illicit money flows :: Mmegi Online

Botswana has recorded an estimated P6.29 billion in suspected proceeds of crime, according to a National Money Laundering and Terrorist Financing Risk Assessment, which rates the country’s overall money laundering risk as Medium, driven by oversight gaps and regulation lapses.

The assessment, coordinated by the country's financial authorities, including the central bank and enforcement agencies such as the Financial Intelligence Authority (FIA), consolidates sector-level risks into a single national framework. This year, the report identified five dominant domestic predicate offences generating illicit proceeds over the review period: tax crimes, obtaining by false pretence, corruption, fraud, and stealing by servant.

Tax crimes emerged as the highest-risk domestic source of illicit funds, driven largely by underdeclaration of income and non-remittance of PAYE.

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