The threat of organised crime and knowing who the beneficial owner is

In the shadows: Beneficial ownership has become a key issue in the global fight against dirty money and corruption PIC: LAVECO.COM
In the shadows: Beneficial ownership has become a key issue in the global fight against dirty money and corruption PIC: LAVECO.COM

While Botswana responds to the listing by the European Commission of the country as being a high money laundering and terrorism financing risk, there are numerous examples emanating from Europe on why effective AML/CFT&P controls are necessary.

A recent incident reported by Europol highlights the danger posed by organised crime and the industries and professions at risk.

In December 2020, Europol announced that the Spanish National Police, with its support, had dismantled a large organised crime network in Spain which was involved in corruption and money laundering in that country. 

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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