Botswana improves rating in 2019 Basel AML Index
Friday, August 21, 2020
The Index measures money laundering and terrorism financing (ML/TF) risk in countries, but not the actual volume of money laundering and terrorism financing activity.
Developed and maintained by the internationally renowned International Centre for Asset Recovery, which is part of the Basel Institute, the Index is the only independent, research-based framework which ranks countries according to their ML/TF risk.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....