Dirty money starts from dirty minds
Friday, September 20, 2019
The new Financial Intelligence Act, which kicked in on September 4, is indeed a comprehensive endeavour to lift the country to international best practice in terms of Anti-Money Laundering/Combatting Financing of Terrorism (AML/CFT).
The new Act replaces its loophole-ridden predecessor, which was demonstrably ineffective as seen in the fact that almost no money laundering cases ever reached the courts or were successfully prosecuted in the years since its enactment in 2009.
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...