Report suspicious behaviour or face jail

Friday, October 02, 2020

On guard: Specified entities face censure if they fail to make STRs

If you are a specified party or an accountable institution in Botswana, you have a responsibility to identify and report suspicious transactions.

Specified parties include inter alia lawyers, accountants, real estate agents, motor vehicle dealers etc, and accountable institutions comprise incorporated or registered legal entities including major grocery stores, schools or medical centres.

The reporting of suspicious transactions via a Suspicious Transaction Report (STR) is just one obligation a specified party and an accountable institution must meet under Financial Intelligence Act 2019 (FI Act) and related Financial Intelligence Regulations.

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Report suspicious behaviour or face jail

If you are a specified party or an accountable institution in Botswana, you have a responsibility to identify and report suspicious transactions.

Advancing social justice and decent work in Africa: A blueprint for change

Staying safe amidst the electoral frenzy as journalists brace for October election

Cultures Spears makes waves in the SA market

Sephobe for Miss Royal International Florida

Threads of broken bonds

Teen carves promising artistic path

Mapantsola invade Ramokgonami

Koolkat Motyiko's single unravels rich tribal music tapestry

Stakeholders must step up veggie supply