Botswana scores top marks in new 'dirty money' review

Matambo PIC: MORERI SEJAKGOMO
Matambo PIC: MORERI SEJAKGOMO

A fresh review by a continental body assessing Botswana’s vulnerability to money laundering has noted improvements in 32 out of 40 areas of concern that caused the country’s blacklisting by global groups.

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
Reconciliation talks excite Batswana

Many have made it very clear that there is nothing more they would prefer than seeing the two ending their feud and working together for the good of the country.While some Batswana dismissed reconciliatory efforts as a political ploy, many Batswana welcomed the move with open arms because it is obvious that the feud between the president and former president has not been looking good for the country.The misunderstanding that seems to have started...

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