Sept review could clear EU blacklisting

Sept review could clear EU blacklisting PIC. THALEFANG CHARLES
Sept review could clear EU blacklisting PIC. THALEFANG CHARLES

The Finance and Economic Development ministry is expecting officials from the Financial Action Task Force (FATF) to conduct a review this month of the country’s statutes, processes and structures in place against money laundering and financing of terrorism.

The review could clear the way from Botswana’s removal from the European Union’s dirty money blacklist. Officials appearing before the Public Accounts Committee this week said Botswana submitted its report to the FATF in April but reviewers could not come due to the outbreak of COVID-19. 

The EU, which lists countries according to the FATF reports, subsequently blacklisted Botswana. FATF, a global anti-money laundering organisation founded by the world's richest countries in the aftermath of the US terror attacks in 2001, will conduct the review this month.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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