Mmegi

Cyber-finance crimes evade us, authorities admit

Breaking it down: Stanbic Bank Botswana hosted an in-depth discussion on virtual assets and fraud this week
Breaking it down: Stanbic Bank Botswana hosted an in-depth discussion on virtual assets and fraud this week

Illicit financial crimes conducted online continue to escape the grasp of local authorities as outdated technologies keep the country at risk of being a hub of financial misconduct.

This week Botswana Police Service officials revealed that they currently have zero cases recorded involving cryptocurrency illicit financial transactions, due to a lack of capacity.

This swims against the tide of alarms raised by the financial intelligence authority on the continual risk of financial terrorism that may be mushrooming below the radar of local authorities.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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