FIA warns insurance industry on money laundering

Friday, October 27, 2017

Insurance players have been urged to develop policies that are capable of detecting, deterring and reporting possible incidences of money laundering and other financial crimes.

Koongalele Chube, the senior assistant director for compliance in the Financial Intelligence Agency (FIA) said the insurance sector is a critical player in the fight against money laundering and other economically motivated crimes.

Giving a presentation at the recent Insurance Institute of Botswana (IIB) annual conference in Gaborone, she said the industry is potentially at risk of being used for money laundering purposes.

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FIA warns insurance industry on money laundering

Insurance players have been urged to develop policies that are capable of detecting, deterring and reporting possible incidences of money laundering and other financial crimes.

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order