EU lives up to its threat, lists Botswana as high ML/TF risk

Friday, October 16, 2020

Shoulder to shoulder: A comparison of Botswanau00e2u20acu2122s ranking against EU states across different reports

As the clock struck midnight on Thursday, October 1, 2020, the European Union (EU) did what it threatened to do and listed Botswana as a high money laundering and terrorism financing (ML/TF) risk.

In deciding to list Botswana, the EU relied upon the Mutual Evaluation (ME) undertaken in June 2016 by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), which is a Financial Action Task Force (FATF) Regional Body.

But since the ME, Botswana has made significant strides in improving its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

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