Botswana grey listed for money laundering, financing terrorism

Officially opening this year’s judicial conference on ‘Botswana Legal Framework on Anti-Money Laundering and Counter Terrorist Financing’ Kgathi said the country as a member of the Eastern and Southern Anti-Money Laundering Group (ESAAMLG) and affiliate of the Financial Action Task Force (FATF) has failed to live up to expectation in the fight against these threats. 

“In spite of our commitment to compliance with ESAAMLG and FATF recommendations, Botswana experienced feedback that there were deficiencies in respect of our compliance with the measures and standards of the aforesaid bodies we are affiliated to,” he said.