FIA laments weakness in pursuing dirty money

Hard cash: Usage of cash in the economy is on the rise, indicating to some extent the growth of dirty money transactions PIC: MORERI SEJAKGOMO
Hard cash: Usage of cash in the economy is on the rise, indicating to some extent the growth of dirty money transactions PIC: MORERI SEJAKGOMO

The country’s authorities tasked with fighting financial crimes are struggling with institutional weaknesses and an unfocused response to money laundering, terrorism, and its funding, BusinessWeek has learnt.

Financial Intelligence Agency (FIA) Deputy Director General, Legal and Compliance, Susan Mangori, recently revealed that the biggest contributors to the situation include the country’s weak controls in money value transfer services combined with outdated legislation, lack of cooperation and coordination as well as poor investigations and prosecution.

Presenting during the Anti-Money Laundering, Terrorism Financing, and Proliferation Financing conference recently, Mangori said Botswana’s exposure to dirty money was currently rated medium-high with offences raising the most threats being drug trafficking, tax crimes, fraud, poaching, and motor vehicle theft.

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Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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