'Legal practice contributes to illicit financial flows'

Legal practice in the country has reportedly contributed heavily to money laundering and illicit financial flows.

According to the Law Society of Botswana (LSB), the legal practice contributed significantly to the recent poor showing in the international ratings for Anti- Money Laundering and control of illicit financial flows by Financial Action Task Force based in Paris.

The Society’s chairperson, Diba Diba said it was a concern that the legal practice has a hand in illicit dealings and that they would do all that was necessary to assist the country attain compliance.  “This will include training for our members in this area and by ensuring a more robust regulatory framework,” he said.

Editor's Comment
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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