Botswana improves in dirty money survey
Wednesday, September 11, 2019
The Basel Institute Anti-Money Laundering Index measures the risk of Money Laundering and Terrorist Financing (ML/TF) in countries using data from publicly available sources such as the Financial Action Task Force (FATF), Transparency International, the World Bank and the World Economic Forum.
The FATF last year greylisted Botswana as a money laundering threat, leading to an eventual blacklisting by the European Union in February. The country has since enacted various pieces of legislation as well as amendments to existing law, while also introducing new policies and even institutions to tighten its defences against dirty money.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...