Botswana Illicit financial flows top P200bn � report

Botswana is among Southern African countries that are prone to illicit financial flows (IFFs) with up to P200 billion estimated to have been moved illegally over 10 years up to 2013, the latest Global Financial Integrity (GFI) report shows.

IFFs are illegal movements of money or capital from one country to another. GFI classifies this movement as an illicit flow when the funds are illegally earned, transferred, and/or utilised.

According to the 2015 report, between the years 2004 to 2013, up to US$20 billion might have been moved through illicit circumstances in Botswana putting the country in the same boat with other developing countries with cumulative IFFs.

Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

Have a Story? Send Us a tip
arrow up