Botswana scores top marks in new 'dirty money' review
Friday, July 26, 2019
![Matambo PIC: MORERI SEJAKGOMO](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2019/july/26/phpZRNM1K.jpg&w=400&q=72&f=jpg&t=1)
Matambo PIC: MORERI SEJAKGOMO
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”.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...