EU lives up to its threat, lists Botswana as high ML/TF risk

Shoulder to shoulder: A comparison of Botswanau00e2u20acu2122s ranking against EU states across different reports
Shoulder to shoulder: A comparison of Botswanau00e2u20acu2122s ranking against EU states across different reports

As the clock struck midnight on Thursday, October 1, 2020, the European Union (EU) did what it threatened to do and listed Botswana as a high money laundering and terrorism financing (ML/TF) risk.

In deciding to list Botswana, the EU relied upon the Mutual Evaluation (ME) undertaken in June 2016 by the Eastern and Southern Africa Anti-Money Laundering Group (ESAAMLG), which is a Financial Action Task Force (FATF) Regional Body.

But since the ME, Botswana has made significant strides in improving its Anti-Money Laundering and Counter-Financing of Terrorism (AML/CFT) framework.

Editor's Comment
Inspect the voters' roll!

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...

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