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
Parents should be more proactive in children’s lives

Parents need to pay particular attention to their children to ensure they grow up in a healthy environment that supports their development and mental health. Healthy attachments between parents and children foster strong bonds, creating a solid foundation for future leaders.In many African cultures, there is a common perception that parents should use a stick to discipline naughty children. While disciplining children is important, it is equally...

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