Botswana takes action to assess, prevent financial crimes

Friday, March 24, 2017

Botswana has just completed a National Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT) Risk Assessment. The National Risk Assessment (NRA) was supported by the World Bank which resulted in the adoption by officials of a National Risk Assessment Report and Action Plan presented at a three-day workshop. Botswana is the eleventh country in Africa to do so.

In 2012, an international obligation was adopted by the Financial Action Task Force (FATF) requiring all countries to undertake a National AML/CFT Risk Assessment.

The goal behind this was to bring about stronger more effective AML/CFT systems by identifying the risks a country faces and targeting scarce resources in a way that mitigates the identified risks, threats and vulnerabilities.

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Botswana takes action to assess, prevent financial crimes

The projects magazine in collaboration with Stanbic bank launched the future of mining summit 2024

MISA Botswana celebrates World Press Freedom day

Unlawful wounding turns to murder

Mahalapye suspected copper cable thief nabbed

TAFIC targets top four finish

Selefu

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Repatriation underway for seven SA Pilgrims

Stakeholders must step up veggie supply